Saxo Bank has put together a Kazakhstani investor's profile describing Kazakh nationals who have taken to trading in financial instruments, Tengrinews reports.
Saxo Bank has put together a Kazakhstani investor's profile describing Kazakh nationals who have taken to trading in financial instruments, Tengrinews reports.
In brief, according to the survey, Kazakhstanis who venture into financial markets are mostly males aged 30 to 40+ from Almaty wielding a capital of 100,000 to 500,000 euro and looking for a way to diversify their investments. And, believe it or not, their number has been growing at around 20% per annum in spite of the financial crisis and economic recession in Kazakhstan.
Here is the detailed outline:
Most serious investors from Kazakhstan belong to the 30-40+ age group. They are primarily male business owners, CEOs and CFOs, private investors, managers or employees of investment companies or banks, or high net worth individuals. They are usually looking for opportunities to invest part of their capital into financial markets for the purpose of funds diversification.
Most of them come from Almaty, Kazakhstan’s largest metropolis. Over the past few years the bank has also started seeing a significant share of its clients coming from Astana and Atyrau, which is a good sign of growth and development within the market. In general, the number of Saxo Bank’s clients in Kazakhstan is growing by an average of 20% each year; that includes both private investors and corporate clients.
Due to concentration of natural resources, and developed oil, gas, and mining business sectors, there is a large niche of high net worth individuals in Kazakhstan with potential financial investment capital, starting from EUR 100,000, up to EUR 500,000 or more.
According to the bank, many Kazakhstanis are interested in switching to multiple products trading, many have learned about hedging possibilities by using CFDs or options. A significant number are also trading currency pairs such as EURUSD, GBPUSD for short term, intraday strategies. Due to the link between the Kazakhstan economy and oil, and the highly volatile market recently, many also trade futures and CFDs on oil.
Many Kazakhstanies also trade stocks and CFDs of large Kazakh companies such as Kaz Minerals, Halyk Savings Bank of Kazakhstan, Kazkomertsbank on the London Stock Exchange.