The pension assets of UAPF JSC in March 2020 exceeded 11.3 trillion tenge (an increase of 4% since the beginning of the year).
Investments of pension assets in reliable financial instruments in various currencies provide stable investment profitability, as well as protection against risks of changes in the exchange rate of tenge to foreign currencies. In the structure of pension assets, more than 32% are financial instruments denominated in foreign currency. Most of them (about 30% of the portfolio) are in US dollars.
Due to the currency diversification of the portfolio, the expansion of the geography of investments and the range of financial instruments, the share of net investment income in the total pension savings of the population is growing steadily.
Net investment income since the beginning of 2020 exceeded 332.34 billion tenge (for the same period in 2019, 66.8 billion tenge). In the first half of March, the investment income credited to the accounts of depositors amounted to more than 192.45 billion tenge (for the same period in 2019, 54.74 billion tenge).
In order to ensure the preservation of savings and a balanced level of return on pension assets in the long term, the National Bank of the Republic of Kazakhstan, as the manager of pension assets of the UAPF, adheres to the concept of forming a diversified investment portfolio, including investments in both national currency, tenge, and in foreign currency.
UAPF was established on August 22, 2013 on the basis of JSC NPF GNPF. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions to develop proposals to improve the management of pension assets 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, provides the depositor (recipient) with information on the status of his pension savings (for more information visit www.enpf.kz )