JS Investments Limited (formerly JS Abamco Limited) has successfully raised Rs 1.36 billion in recently launched JS Capital Protected Fund III (CPF III). The IPO of CPF III was held on September 20-21 and the Fund is now closed for new subscriptions.
According to a Press Release, CPF III is third in the series of Capital Protected Funds launched by JS Investments in collaboration with Standard Chartered Bank (Pakistan) Limited, which acts as the sole distributor for these Funds to retail customers. These Funds provide investors with a unique opportunity to take exposure in exciting equity markets of Pakistan with limited downside risk owing to 100 percent capital protection ensured to fund unit holders, the PR added.
Najam Ali, CEO of JS Investments, said that we have always been at the forefront of bringing innovative and consumer friendly products to the market that pass on benefits of thriving capital markets of Pakistan to small investors.
He added that the success of Capital Protected Funds launched by JS Investments can be gauged from the fact that since its inception in February 2007, over 1,400 retail and corporate customers have invested in excess of Rs 4.0 billion in these Funds. The PR further said that JS Investments is planning launch of the next Capital Protected Fund in December 2007.-PR
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