In July, the value to Single Accumulative Pension Fund (Fund) was estimated at 6 trillion tenge. The Fund presented a report on its investment activities. The fund is widely involved in purchasing government securities and foreign currencies at foreign financial markets. The fund’s management is planning to invest in lending to second -tier banks to stimulate growth of small and medium-sized businesses. The share of government securities in the total investment structure of the fund accounts for about 44%. In the past six months, the Fund’s investment income exceeded 260 billion tenge.



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