Kazakhstan National Bank told about UAPF assets transferred for management to foreign companies
It is about assets for 220 million US dollars.
The National Bank began the work on opting for foreign managing companies to invest pension assets, chairman of the National Bank of Kazakhstan Daniyar Akishev said answering to questions after the session of the Senate of the Parliament of Kazakhstan on the consideration of the law “On the introduction of amendments to the Law of the Republic of Kazakhstan “On the republican budget for 2018-2020,” BNews.kz correspondent reports.
As part of new distribution, as Akishev noted, it is planned to use index investing of pension assets in the global index of assets and indexes of obligations, which will be conducted by foreign managing companies.
“According to the investment declaration of the UAPF (United Accumulated Pension Fund), three indexes are provided: an index of assets (MSCI World Index), that accumulates assets of the companies with high and average capitalization of developed states, an index of state securities of developing states with a ranking assessment of not below “BB”, an index of corporate securities of issues of developed and developing states with high capitalization and an ranking assessment of not below “BBB,” said the head of the National Bank.
According to him, at the present time, part of pension assets of the UAPF in the amount of 220 million US dollars was transferred to external trust management, as well as the necessary procedures to opt and transfer the part of pension assets of the UAPF in the foreign currency handed over to foreign managing companies in accordance with the active mandate “Global assets” and the mandate “Global corporate obligations of an investment level with high capitalization” in US dollars.