A Meezan Investment Management Ltd (Al Meezan Investments) has become the first asset management company, whose all funds have been rated five-star for their superior performance.
Al Meezan Investments open-end fund ie Meezan Islamic Fund (MIF) had already been rated as five-star, now its other two closed-end funds namely Meezan Balanced Fund (MBF) and Al Meezan Mutual Fund (AMMF) have also been assigned five-star rating. The rating is the composite measure of two factors, namely (a) returns and (b) risk associated with the returns measured by Sharpe Ratio (a tool widely accepted for measuring performance of mutual funds).-PR