AKIPRESS.COM - Kazakhstan’s central bank has sent out a request for proposals to asset managers to invest about $300 million in state pension fund assets in a global passive equity portfolio, it said on Wednesday, Reuters reports.
The pension fund, replenished by mandatory contributions from working Kazakhs and managed by the central bank, has about $24.5 billion in assets.
Kazakh authorities have said they will gradually hand over some of its assets to external managers.