AHIML asset manager rating assigned positive outlook

The Pakistan Credit Rating Agency (Pacra) has assigned Positive Outlook to the asset manager rating of 'AM2' of Arif Habib Investment Management Limited (AHIML).
The rating reflects the company's very strong capacity to manage the risks inherent in asset management and the asset manager meets very high investment management industry standards and benchmarks.
The rating recognises the company's leading position in the sector emanating from its qualified and experienced management, successful track record, diverse product base, structured investment process and sound technology infrastructure.
In the wake of changing landscape of the asset management sector and AHIML's relatively subdued performance, the company has taken many initiatives - currently in the process of consolidation - to structure and strengthen its operating platform in terms of marketing, distribution, risk management, fund management, and human resource.-PR