Unified Accumulative Pension Fund (UAPF) presented its report for January on how it managed pension assets. According to informburo.kz, Kazakhstani pension funds were invested in:
- US government securities – 101.5 billion tenge;
- bonds of the Baiterek holding – 173.3 billion tenge (with a yield of 13% per annum and a maturity of 15 years);
- government securities of the Ministry of Finance of the Republic of Kazakhstan – 196.9 billion tenge.
At the same time, it is reported that the National Bank placed a deposit of 134.5 billion tenge in a Chinese bank - Credit Agricole CIB Hongkong Branch with a weighted average yield of 5.33% per annum.
Almost half of the UAPF portfolio (46.8%) consists of government securities of the Ministry of Finance of the Republic of Kazakhstan, the current value of which increased by 169.07 billion tenge in January and amounted to 8.5 trillion tenge.
Earlier, Transport Minister Marat Karabayev stated that for the purchase of carriages, instead of 173 billion tenge from the UAPF, 183 billion in pension savings would be taken. However, the National Bank subsequently refuted his statements, emphasising that the originally announced amount would remain unchanged.
Following this, it became known that the supply of carriages will be handled by JSC 'Ziksto', and they will presumably be assembled at the Russian Tver Carriage Works.