Kazakhstan's investment income down 37.5% in 2010
ALMATY. Feb 22 (Interfax) - Investment income of the National Fund of Kazakhstan totaled $917 million in 2010, Head of the National Bank of Kazakhstan, Grigory Marchenko told Interfax.
According to the National Bank, said the indicator stood at $1.464 billion in 2009. Thus, investment income in the reporting period decreased by 37.5%.
As at the end of 2010 the National Fund accumulated an investment income of $5.08 billion since the date of founding.
Marchenko also said that the total market value of the National Fund's portfolio stood at $33.78 billion as at the end of 2010, including foreign exchange portfolio - $31.25 billion (91.9%), bond portfolios of the National Welfare Fund Samruk-Kazyna and National Holding KazAgro - $2.74 billion (8.1%).
The Fund's foreign exchange portfolio totaled $24.4 billion as at the end of 2009; $27.4 billion as at the end of 2008 and $21 billion as at the end of 2007.
Marchenko said the market value of the stabilization and savings portfolios within the fund's foreign exchange portfolio stood at $8.77 billion (28.28%) and $22.25 billion (71.72%) respectively as at the end of 2010.
Total revenue performance of the National Fund totaled 3.02% (59.67% since the founding to December 31, 2010. As at the end of 2010, profitability of the stabilization and savings portfolios amounted to 0.86% and 4.01% respectively
The National Fund of Kazakhstan was founded in 2000.