The Single Accumulative Pension Fund increased investment in the development of the real economy twofold over the past two and a half years. Net investment income to total savings rose from 20 to 36% during the same period. According, the amount of investment in the issuers’ instruments of the real sector of the economy (including development institutions) has risen by more than 2 times since pension assets had been consolidated into the single fund. At the moment the cost of such investments in the SAPF’s portfolio exceeded 1 trillion tenge. Between the beginning of 2014 and August, the amount of pension assets grew by 63%, including the amount of invested assets’ growth by 73%. The fund’s net investment income for this period amounted to 1.3 trillion tenge.  





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