Karachi, NBP Fullerton Asset Management Limited Funds informed Pakistan Stock Exchange that the Chief Executive Officer, under the authority granted by the Board of Directors, on June 29, 2016 has approved interim distribution out of the profit earned by the NAFA Funds.
Unit Holders as at the close of business on June 28, 2016 will be entitled to the distribution.
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).