MCB Asset Management Company Limited (MCB AMC) and Central Depository Company of Pakistan Limited (CDC) have signed a trust deed for the execution of MCB Dynamic Allocation Fund (MCB DAF).
According to a press release issued here on Friday, MCB DAF is an asset allocation fund and is allowed to shift exposures into debt or equity as per market conditions and discretion of the management company. The objective of the fund is to provide a high return, commensurate with the higher risk taken due to pro-active allocation of funds across various asset classes.-PR