01746cas a2200241 a 4500 AALejournalIMF003277 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451820898 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Kazakhstan : Financial Sector Assessment Program Update-Technical Note-Investment Opportunities for Pension Funds. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (21 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This technical note examines investment opportunities for pension funds in Kazakhstan. It puts forward policy alternatives that could lead to improved management of pension fund assets in Kazakhstan. The note emphasizes prudence in the management of pension assets, given the social and fiscal importance of the pension sector. It discusses different investment alternatives and development options for the domestic Kazakhstan capital market. The note concludes that neither the regulators nor industry participants appear to fully appreciate the risks attached to the practice of focusing on short-term and high-yield investments. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/337 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/337/002.2004.issue-337-en.xml IMF e-Library