The Pakistan Credit Rating Agency (Pacra) has assigned an asset manager rating of "AM3-" to IGI Funds Limited (IGI FL). The rating reflects the company's strong capacity to manage the risks inherent in asset management and the asset manager meets high investment management industry standards and benchmarks.
However, the management has formulated a well-conceived business strategy, whereby the company would be focusing on institutional clients in the initial phase of operations and, thereafter, gradually expanding its outreach to retail customers.-PR
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