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Sovereign Wealth Funds Briefing - Categorized | Market

Kazakhstan eyes bigger buy for its pension savings on world stage

Posted on 06 September 2013

Oil-rich Kazakhstan, merging its private pension funds into a state-run entity, plans to invest 20 percent of the assets abroad in 3 to 5 years, its central bank governor, Grigory Marchenko, said in an interview.
The National Fund is now 100 percent invested abroad, but with time some of it can be invested in paying projects in Kazakhstan, Marchenko said. “This could lead us to raise the share of foreign securities held by our pension fund,” he added. “In the mid-term of 3 to 5 years, the share of foreign securities in the pension fund’s portfolio must be raised to 20 percent, for a start. Now it’s about 10 percent,” he said………………………………………..Full Article: Source


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