JS Investments is celebrating a decade of outstanding performance of Unit Trust of Pakistan (UTP) which is the oldest private sector open-end mutual fund in the country, according to a Press Release.
The PR said that UTP has consistently exceeded investor expectations and has provided a minimum return of 9.5 percent per annum, maximum return of 55.5 percent per annum and an average annualised return of 28.3 6 percent since its inception.
To celebrate this milestone, JS Investments has announced free return tickets to Dubai for UTP's three oldest investors and their spouses who invested a decade ago and remain invested to this day, the PR said.
Najam Ali, CEO of JS Investments Limited said that our clients recognise our performance and trust us by investing with us and this is reflected in our ever growing assets under management and the fact that we manage the largest amount of assets in the private sector in Pakistan.
Founded in 1995, JS Investments Ltd (formerly JS ABAMCO Ltd) is the oldest and the largest private sector asset management company in Pakistan with approximately Rs 34 billion assets under management, spread across various mutual funds, pension funds and separately managed accounts. JS Investments is to date the only asset manager in Pakistan with a rating of AM2+ and credit rating of AA- / Al + (Long/short Term) awarded by Pakistan Credit Rating Agency, the PR said.
The company is listed on the Karachi Stock Exchange and has a market capitalisation of over Rs 7 billion as of June 30, 2007. It is a part of JS Group, one of the leading financial groups of Pakistan and is proud to have International Finance Corporation and Invesco Plc as its founding members, PR added.-PR
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