Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Investment Opportunities for Pension Funds

Volume/Issue: Volume 2004 Issue 337
Publication date: October 2004
ISBN: 9781451820898
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Investments and Securities-General , Labor , Public Finance , ISCR , CR , pension assets , asset manager , debt market , investment assets , maturing assets , pension fund assets , KMC securities , Pension spending , Securities , Pensions , Capital markets , Securities markets , Eastern Europe

Summary

This technical note examines investment opportunities for pension funds in Kazakhstan. It puts forward policy alternatives that could lead to improved management of pension fund assets in Kazakhstan. The note emphasizes prudence in the management of pension assets, given the social and fiscal importance of the pension sector. It discusses different investment alternatives and development options for the domestic Kazakhstan capital market. The note concludes that neither the regulators nor industry participants appear to fully appreciate the risks attached to the practice of focusing on short-term and high-yield investments.