The BMA Empress Cash Fund (BECF) is being launched next week by BMA Asset Management Company as an open-end money market fund whose IPO will be held from 10 to 11 November 2009. The Fund's key objective is to maintain high liquidity and minimise risk which makes it the ideal vehicle for savers and deposit holders seeking to enhance income while maintaining the safety of a bank deposit.
The BMA Empress Fund will invest only in AA rated banks and government securities, which will enable the fund to generate consistent risk, adjusted returns for unit holders. The announcement was made by Muddassar M Malik, Chief Executive of BMA Asset Management, in an exclusive ceremony held at BMA Group Headquarters in Karachi.
Muddassar Malik said:"The Empress Fund offers savers higher returns with the safety of a bank deposit. As a dominant player in Pakistan's capital markets, BMA will continue to innovate to satisfy our client's requirements with the launch of more new Funds this year." The Empress Fund is being distributed across Pakistan through BMA's 9 branches. For more information, please call BMA toll free on (0800) 00262 or (021) 111 262 111, visit www.bmafunds.com, or email [email protected] -PR
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