Karachi, NBP Fullerton Asset Management Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 23, 2016 at Karachi. The agenda of the meeting is to approve audited financial statements for the year ended June 30, 2016.
NAFA is a Non-Banking Finance Company with a license to perform Asset Management and Investment Advisory Services as per the NBFC Rules, 2003. The main sponsors of NAFA are National Bank of Pakistan and Fullerton Fund Management Group, Singapore, which in-turn is a wholly owned subsidiary of Temasek Holdings, Singapore. NAFA’s main area of business is Investment Management; more specifically floating and managing mutual funds, providing investment advisory and discretionary portfolio management services.
Based on proficient management team, sound quality of systems and processes, sponsors’ strength, diverse product base and performance of funds under management, PACRA has given NAFA rating of AM2+ by PACRA (High Investment Management Standards).