Lahore, May 29, 2018 (PPI-OT): The fund’s mandate is to generate stable income stream with preservation of capital by investing in AA and above rated banks. The rating reflects the fund’s low risk profile emanating from the fund’s investment objective to invest in avenues rated ‘AA’ and above. At end Dec 17, asset allocation of the fund consisted of Bank Deposits 99% (77% AAA rated).
The portfolio duration of the fund represents very low exposure towards interest rate volatility. The fund’s unit holding pattern remains highly concentrated with the top10 investors comprising 90% of the fund’s net assets. Going forward, company intends to increase exposure in T-bills. Meanwhile, the remaining assets will remain invested in cash.
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