JCR-VIS Credit Rating Company has assigned the Management Quality rating of 'AA (MQ)' to Arif Habib Investment Management (AHML).
AHML is geared to provide its clients an increasing range of funds and investments plans to suit the needs of its varied customers. The company has a team of highly qualified and experienced professionals.
In a span of only four years of operations, AHML has launched five funds in the market, which have exhibited tremendous growth and the company is currently managing an aggregate investment portfolio of about Rs 10 billion.
The presence of a robust research department and strong IT infrastructure augments the decision making process. AHML is continuously strengthening its marketing team and increasing its retail presence.
Pakistan Strategic Allocation Fund (PSAF) would be a closed-end scheme. Of the total planned issue of Rs 3 billion, Rs 2.25 billion have been already arranged through pre-IPO commitments and Rs 750 million is being offered to the general public for subscription.
Having assessed the investment strategy devised, the chosen management style and results of the simulation model developed, it is believe that the fund is likely to offer adequate stability in returns and capital preservation.
JCR-VIS has, therefore, assigned a Mutual Fund Performance rating of 'BBB+ (f)' (Triple B plus), which is an investment grade rating, to the planned issue of PSAF.
Comments
Comments are closed.