Kazakhstan National Fund,
Definition of Kazakhstan National Fund:
The Kazakhstan National Fund was established in 2000, primarily to act as a stabilization fund to lessen the impact that volatility in oil, gas, and mineral prices have on the Republic of Kazakhstan. The Kazakhstan National Fund is a secretive organization, and little information can be found as to its governance, holdings or investment strategies. The Kazakhstan National Bank lists assets for the fund at $59.2 billion as of March 2018. Some $13.1 billion of that total was in gold. The fund has no website and issues no public reports on its activities.
A sovereign wealth fund for the Republic of Kazakhstan that is administered by the National Bank of the Republic of Kazakhstan. Created in 2000 as a stabilization fund for the Kazakhstani economy against fluctuations in oil, gas and metal prices. In 2008 the Sovereign Wealth Fund Institute reported approximately $21.6 billion in assets.
The Kazakhstan National Fund is a sovereign wealth fund for the nation of Kazakhstan. The sovereign wealth fund originates from surplus revenues gained from taxes on the development of oil, gas and mineral reserves. According to the Sovereign Wealth Fund Institute, the Kazakhstan National Fund had approximately $57 billion in assets as of 2018.
Meaning of Kazakhstan National Fund & Kazakhstan National Fund Definition