The Pakistan Credit Rating Agency (Pacra) has upgraded the asset manager rating of Atlas Asset Management Limited (AAML) to "AM2-" (AM Two Minus) (Previous: AM3+). The rating denotes the company's very strong capacity to manage the risks inherent in asset management and meets high investment management industry standards and benchmarks.
The rating reflects AAML's qualified management team, well-structured investment processes, and diverse product base. The company has managed to sustain the performance of funds by efficient employment of asset management platform, leading to better investment performance.
The company has lately strengthened its risk management framework by establishing an independent risk function and setting up a Risk Evaluation Committee, as a support to the Investment Committee. Meanwhile, AAML is taking steps to refurbish its research department while sustaining the quality of its fund management function. Nevertheless, effective execution of business plan along with strong and stable funds' performance would be critical.-PR
Comments
Comments are closed.