Nafa (National Fullerton Asset Management Limited) is launching Nafa Income Fund (NIF) in the last week of March. NIF will invest primarily in debt and money market instruments but will have no exposure to the stock market.
The fund will aim to provide a higher return then comparable bank deposits and inflation. The Initial Public Offerings will be from March 25th to March 28th, 2008.
No sales load will be charged during this period. Nafa is owned by National Bank of Pakistan (NBP), NIB and Fullerton Fund Management Group of Singapore. It is presently managing about 32 billion rupees invested in S funds. For further details visit Nafa's website www.npfafunds.com.-PR