This year UAPF depositors received an investment income of 1.1 trillion tenge

The amount of pension savings of the UAPF at the moment exceeded 12.6 trillion tenge. As you know, it includes pension contributions and investment income.
We remind that pension contributions received to individual pension accounts (IPS), which are recorded by the UAPF, are invested by the Trustee of pension assets – the National Bank of the Republic of Kazakhstan in various financial instruments.
In order to minimize risks, the investment portfolio is diversified by types and areas of investment, including currencies. Currently, about 2/3 of investments are denominated in tenge and about 1/3-in foreign currency, most of the latter - in US dollars.
The amount of pension savings of depositors (recipients) is recalculated and re-evaluated daily in accordance with the results of investing pension assets. Investment income includes income in the form of remuneration for securities (deposits and other operations), income in the form of market revaluation of financial instruments, income in the form of currency revaluation, income on assets under external management, etc.
For 10 months of the current year from January 1 to October 31, 2020, net investment income in the amount of 1.1 trillion tenge was credited to depositors ' accounts, which is twice as much as in the same period of 2019 (net investment income from 01.01.2019 to 31.10.2019 amounted to 551.1 billion). Note that the yield for the year from 01.11.2019 to 31.10.2020 was 10.88% with inflation of 7.1%, while the yield from the beginning of 2020 was 9.94%, and inflation of 5.5%.
In General, the investment income provided by the National Bank since the merger of all pension assets in the UAPF amounted to about 4.6 trillion tenge. At the reporting date, the share of net investment income in total pension savings is 34.5%.
If we take the period since the Foundation of the most funded pension system in Kazakhstan in 1998, the net investment income exceeded 5.4 trillion tenge. The investment yield for this time with an increasing total was 596.69%. At the same time, the inflation rate was 485.55%. Thus, the real return on pension assets as of November 1, 2020 was 111.14%.
However, please note that pension savings are long-term investments and it is advisable to analyze the amount of investment income for a period of at least 1 (one) year. Short – term data (daily, monthly, etc.) are not indicative, because they depend on the daily market conditions.
The entire system of investment management and accounting of pension assets is transparent: each depositor has the opportunity to see their investment income in their personal account on the enpf website.kz or in the mobile app. Information on investment management of pension assets of the UAPF and on financial instruments in which pension assets of the UAPF are placed is published on the official website of the UAPF (www.enpf.kz) in the "Indicators" section/Investment activity».

UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the state property and privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The national Bank of the Republic of Kazakhstan manages the pension assets of the UAPF in trust. Since January 1, 2016, the functions of developing proposals for improving the efficiency of pension asset management have been transferred to the National Fund management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, and provides the depositor (recipient) with information about the state of their pension savings (more on www.enpf.kz)