Lahore, April 17, 2019 (PPI-OT): The investment objective of Alfalah GHP Cash Fund (AGCF) is to provide a regular stream of income at a comparative rate of return while preserving capital to the extent possible by investing in assets with low risk and a high degree of liquidity from a portfolio constituted of mostly money market securities and placements.
The rating reflects the fund’s strong credit quality and sound liquidity profile. During the year, the fund’s exposure reflected strong credit profile emanating from its investment policy to invest in high credit quality avenues with portfolio duration not exceeding 45 days. At the end of Dec-18, the fund maintained ~99% exposure with banks. The duration remained less than 45 days in the past 6 months. The unit holding pattern of the fund is diversified with top 10 investors representing ~99% of the fund’s units of which ~91% is the group’s own investments.
Going forward, the fund intends to maintain its exposure with banks, the rating remains dependent on maintaining exposure with high credit quality financial institutions with a portfolio duration of fewer than 45 days. Meanwhile, the remaining assets of the fund must be placed with the scheduled banks having strong credit quality.
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