Summary of the text from Tengri AI This text was generated by AI - ENPF reported losses of 284.86 billion tenge in accrued investment income for January 2025.
- The negative figure is linked to currency volatility and changes in the market value of investments.
- Currency revaluation occurred due to the strengthening of the tenge against the US dollar from 525.11 to 518.14 tenge.
- A decline in asset value was also observed in foreign markets.
- The yield of pension assets over the last 12 months was 15.66 percent with an inflation rate of 8.90 percent.
- In January, the yield of pension assets was (-)1.25 percent.
- The total amount of ENPF pension assets is 22 trillion 282.04 billion tenge, with a share of government securities at 41.40 percent.
ENPF, in its review of investment management of pension assets, explained the situation regarding losses in accrued investment income, as reported by Tengrinews.kz.
For January 2025, according to the fund, the amount of accrued investment income showed a loss of 284.86 billion tenge.
As stated by ENPF, the negative figure was formed due to the volatility of foreign currency rates and changes in the market value of financial instruments in which it invested.
"The main reasons for the negative investment income are currency revaluation due to the strengthening of the tenge against the US dollar from 525.11 to 518.14 tenge, as well as the decline in the market value of government securities of the Ministry of Finance of the Republic of Kazakhstan amid an average increase in their yields by 40 basis points. Additionally, there was a decrease in the market value of assets purchased on foreign markets," the statement said.
Market volatility in January was influenced by President Trump's threats to impose tariffs and a strong labor market.
Meanwhile, the yield of ENPF pension assets over the last 12 months, allocated to the accounts of contributors (beneficiaries), was 15.66 percent with an inflation rate of 8.90 percent.
"The yield of ENPF pension assets allocated to the accounts of contributors (beneficiaries) for January 2025 was (-)1.25 percent," the statement indicated.
Overall, the pension assets of ENPF, managed by the National Bank, amounted to 22 trillion 282.04 billion tenge. The main share of the portfolio consists of government securities. Their share in January was 41.40 percent.
Previously, we wrote about where Kazakhstanis' pension savings from ENPF are being invested.
