For 11 months of 2024, the net investment income of Kazakhstanis amounted to KZT 2.78 trln

For 11 months of 2024, the net investment income of Kazakhstanis amounted to KZT2.78 trln, which is KZT1.53 trln or 123% more than the same period last year.

 

At the same time, due to compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC), voluntary pension contributions (VPC), contributors and beneficiaries received net investment income of more than KZT2.76 trln, which exceeds the volume of these contributions, which amounted to KZT2.29 trln.

Net investment income from employer’s compulsory pension contributions (ECPC), the transfer of which started in 2024, amounted to more than KZT14.24 bln with contributions amounting to KZT204.12 bln.

The return on UAPF pension assets formed through CPC, COPC, VPC, under the management of the National Bank of the Republic of Kazakhstan for 11 months of 2024 amounted to 14.85% with inflation for this period of 7.6%. The return on UAPF pension assets formed through ECPC, as of December 1, 2024 since the beginning of the year - 12.00%.

At the same time, the return on UAPF pension assets over the past 12 months as of December 1, 2024 was 16.97% with inflation at 8.40%.

 

Investment income consists of income in the form of remuneration on financial instruments (securities, deposits and other transactions), market and currency revaluation of financial instruments, income on assets under external management, etc. To preserve pension assets and generate income, the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM) constantly diversify the investment portfolio. That is, assets are invested in different financial instruments, currencies and are regularly redistributed taking into account the market situation. The reviews of investment activities of the National Bank of the Republic of Kazakhstan, monthly posted on the website enpf.kz, reflect that as of December 1, 2024, income was received on all types of instruments.

Accumulated investment return in the long term also exceeds inflation. Since the foundation of the funded pension system in 1998, as of December 1, 2024, the cumulative accumulated return was 952.5% with inflation for the entire period being 819.24%.

The entire system of investment management and accounting of pension assets is transparent: each investor has the opportunity to see their investment income in their personal account on the enpf.kz website or in a mobile application.

Information on investment management of UAPF pension assets and on financial instruments in which UAPF pension assets are placed is published on the official UAPF website (www.enpf.kz) in the "Indicators/Investment Activity" section.

 

A lot of interesting and useful information, including interviews with experts of the funded pension system about investing pension assets, is on the БЖЗҚ ЕНПФ YouTube channel.