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The signing ceremony for the execution of the trust deed of the BMA Merewether Growth Fund (BMGF) and the BMA Capital Protected Fund (BCPF) between BMA Asset Management Company Limited (BMA Funds) and Muslim Commercial Financial Services (Pvt) Limited was held at BMA's Head Office here on Monday.
The signing was conducted by Amir Iqbal, Chief Financial Officer, BMA Funds, Adeel Ahmad Khan, VP, BMA Funds, with Khwaja Anwer Hussain, Head of Operations, Muslim Commercial Financial Services and Faisal Amin, AVP, MCFSL.
The macro investment objective of the BMA Capital Protected Fund (BCPF) is to protect the principal investment of investors and ensure a high rate of return through partial equity exposure, whereas the investment objective of the BMA Merewether Growth Fund (BMGF) is to provide long term capital appreciation, whilst simultaneously endeavouring to preserve the Fund's capital and generate high returns.
The fund will aim to generate a positive absolute return for investors regardless of stock market conditions by investing in equity, fixed income and money market securities through pro-active allocation of funds across asset classes. The fund may invest up to 100 per cent in any one type of asset class and may easily change weightings to take advantage of directional macro and micro economic trends.
BMA Funds, a group company of BMA Capital, was launched with the objective of providing investment management and advisory services. BMA Funds is actively engaged in the floating and managing of open and closed end funds and is amongst a handful of firms with a time-tested track record of managing investments in the capital markets of Pakistan.
BMA Funds has the most experienced investment team including fund managers and research analysts with a combined experience of over 150 years in both the Pakistani and international markets. In 2007 BMA Funds launched the BMA Chundrigar Road Savings Fund (BCSF), which has attracted over Rs 4 billion assets under management.
BMA Funds launched Pakistan's first ever offshore fund for Pakistan, the BMA Pakistan Opportunities Fund (BPOF) in 2005 and the first ever Principal Guaranteed Fund (the BPGF), which is listed on the Karachi Stock Exchange and is yielding over 12.50 per cent on an annual basis.

Copyright Business Recorder, 2008

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