8 forum postsNUR-SULTAN / ex ASTANA (NBK press service) — The National Fund of Kazakhstan’s revenue from investments in February amounted to $116 mln or 0.2%.
Today the National Bank of Kazakhstan (NBK) issued a report on the revenue of the sovereign wealth fund of the country. According to this report, rising yields on U.S. government securities and the strengthening of the U.S. dollar against a number of currencies reduced investment income from the developed world bond portfolio by $270 mln. Lower gold prices reduced investment income on the gold portfolio by $100 mln. However, investment income from the equity portfolio in February reached $500 mln.
The National Fund’s foreign currency holdings at the end of February stood at $57.6 bln, having declined by $70 mln over the month.
The Kazakhstan National Fund was established in 2000, primarily to act as a stabilization fund to lessen the impact that volatility in oil, gas, and mineral prices have on the Republic of Kazakhstan. The fund is financed from surplus revenues gained from taxes on the development of oil, gas and mineral reserves.
Kudrenok (10 March, 15:29)
The Kazakhstan National Fund is a secretive organization, and little information can be found as to its governance, holdings or investment strategies.
Nicolas de Strasbourg (10 March, 19:21)
With the current crisis, they will be forced to sell a lot of assets to maintain their way of life.
Blue Whale (10 March, 19:26)
If the embargoes are lifted on Iranian oil, it will be the end of petrodollars, including for Russia.
Гузель (10 March, 19:37)
In recent years, the Kazakhs have been very smart, they have bought a lot of gold. Soon Gold will skyrocket. They won’t have to worry.
Alter_Native (10 March, 23:05)
They should have invested in bitcoins.
BS detector (10 March, 23:11)
bitcoin is a scam, a Ponzi scheme. Don’t be a fool.
kcastle (10 March, 23:57)
buy silver
Banned from Facebook (11 March, 00:05)
Invest in toilet paper, some fight for it.