article
How is the asset management market developing in Kazakhstan: fund growth, the role of the AIFC, and unrealized potential
In Kazakhstan, this segment remains one of the least developed in the financial market. Public demand is still low, and industry growth is largely driven by funds and institutional investors. Nevertheless, the market is developing rapidly: the range of funds is expanding, and new asset classes and instruments are emerging. The question is whether the infrastructure can unlock the potential of the asset management market or whether it will remain a small segment of the financial market.