The Pakistan Credit Rating Agency Limited (Pacra) has released ratings for AMZ Plus Income fund (APIF) and AMZ Plus Stock Fund (APSF) managed by AMZ Asset Management Limited. APIF has been awarded the highest rating of '5-star' denoting the superior performance in the income fund category.
The rating is not only based on performance, but also takes into consideration the good quality of underlying assets. APSF in its first year of operations has received a '3-star' rating, which reflects average performance.
AMZ Asset Management Limited is registered with the Securities and Exchange Commission of Pakistan (SECP) as an asset management company and has been in operations since 2004.-PR