PENSION SECTOR INVESTMENT RESOURCES FOR KAZAKHSTAN ECONOMY DEVELOPMENT

The article discusses the current investment trends of the UAPF of Kazakhstan. The results of the study confirm the particular importance of the investment resources of the pension sector, which are of a long-term nature and the ever-growing volume of pension savings. With rational and science-based regulation, the investment mechanism of the pension fund can act as a driver of growth and development of the national economy. The direct dependence of the funded pension system should be noted on many macroeconomic parameters of the development of Kazakhstan and the state regulatory system. The tightening of investment limits for UAPF pension assets, on the one hand, has contributed to the reduction of risky financial instruments in its investment portfolio, but on the other hand, has led to a restriction of access to its long-term resources of entities in the real sector of the economy. Such an investment of pension assets does not bring benefits to the domestic economy, especially in the absence of long-term investment resources. Based on the analysis and modelling, the authors identified the main trends in the participation of the pension sector in the financing of economic entities, as well as the impact of pension assets investment instruments on the amount of UAPF investment income.

investment portfolio, pension fund, investment potential, securities, investment strategies, pension assets, financial instruments, инвестициялық портфель, зейнетақы қоры, инвестициялық әлеует, бағалы қағаздар, инвестициялық стратегиялар, зейнетақы активтері, қаржы құралдары, инвестиционный портфель, пенсионный фонд, инвестиционный потенциал, ценные бумаги, инвестиционные стратегии, пенсионные активы, финансовые инструменты

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2. Mergenbaeva A.T., Bayneva P.T. Prospects and main direction of modernization of the pension system of Kazakstan // Bulletin of the University of Turan. 2016. No. 2(70). Р. 143-147.

3. UAPF Investment Declaration approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated March 17, 2016. No. 86.

4. Information on the investment management of pension assets of UAPF JSC for several years: https://www.enpf.kz/ru/pokaz/invest/obzor-investitsionnoy-deyatelnosti.php.