KARACHI: JS Investments, Pakistan’s oldest private sector asset management company has led by example again via the introduction of a microfinance sector-specific income fund called the JS Microfinance Sector Fund (JSMFSF). The initial public offering of the fund was on May 11, and is available to invest through opening an account with JS Investments (online or physical) or via our distribution channels. With this addition, the company stays true to its vision of providing investors of Pakistan access to all asset classes.

JS Microfinance Sector Fund is designed to provide investors the opportunity to tap into the growth potential of Pakistan’s Microfinance Sector. The loans in this rising sector have relatively higher yields compared to the traditional banking sector providing the informal sector with access to capital. In that, the relationship between the lender and borrower also remains mutually beneficial. The microfinance sector has witnessed great success in Pakistan with 42 percent per annum growth since 2012 as opposed to the traditional banking sector’s 13 percent growth. The sector is also leading the spectrum of available fixed income instruments in terms of yield.

Commenting on the introduction of the new fund, Iffat Zehra Mankani, CEO, JS Investment Limited said: “We intend to add value to investors in the fixed income space by way of offering diversification across the spectrum of microfinance products. This provides a great opportunity for competitive returns managed under a structured risk management framework.”

Copyright Business Recorder, 2022