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Pakistan Credit Rating Agency Limited assigns Asset Manager Rating to Pak Oman Asset Management Company Limited

Lahore, November 17, 2016 (PPI-OT):The rating reflects the company’s affiliation with a development finance institution – Pak Oman Investment Company Limited (POICL). Lately, POICL made equity injection beefing up equity holding. The company’s strategy plan envisages elevating AUM base through targeting institutional and retail investors while marketing its current fund slate in medium term; a couple of new funds would be launched simultaneously. With the growth in AUMs, the company plans to beef up its human resource base to strengthen its organisational structure and decision making process.

However, high investor concentration and low contribution from the retail segment remains an impediment. Furthermore, timely success of the strategy plan coupled with good management’s performance remains to be seen. The rating is dependent upon the company’s ability to effectively execute its business strategy while leveraging its association with POICL. At the same time, ability of the POAMCL’s management’s performance to beef up its AUM base would be crucial. In addition, superior fund performance coupled with diversity in the fund slate and investor base through new funds and SMAs would be important.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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