Kazakhstan national fund to invest up to $1 billion in US inflation-linked Treasuries
ALMATY, Aug 20 (Reuters) - Kazakhstan's National Fund, which accumulates excess profits from its oil industry, plans to invest up to $1 billion in U.S. Treasury Inflation-Protected Securities (TIPS), a spokesperson from the National Bank of Kazakhstan told Reuters on Wednesday.
The central bank, which manages the fund, said the move would bolster the fund's profitability and diversification.
"The acquisition of TIPS will be carried out within the framework of the portfolio of government securities of developed countries in the amount of up to $1 billion, which is about 2% of the savings portfolio of the National Fund," the spokesperson said.
According to the central bank's plan, the portfolio of developed countries' bonds will consist of fixed-interest bonds and inflation-indexed government bonds.
The National Fund subsidises Kazakhstan's budget and supports the tenge KZT= via sales of foreign currency.
As of this month, the fund contains $60.6 billion.
Related Articles
Fed at a Crossroads: Powell Faces the Spotlight at Jackson Hole in a Moment of Fed Uncertainty
TradingKey - The annual Jackson Hole Symposium is currently underway, with Federal Reserve Chair Jerome Powell’s speech on Friday, August 22, drawing global attention. Amid growing internal divisions within the Fed and external pressure from the Trump administration to reshape its leadership, will
[Reuters Analysis] Powell's last Jackson Hole speech could pack a punch: McGeever
By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) - Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair. If the moves following his last seven are any guide, investors buckle up for a bumpy ride....Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
