PACRA has assigned star rankings to the schemes of Arif Habib Investments Limited (AHIL) based on the performance review for the period ended June 30, 2012. Pakistan Credit Rating Agency Limited (PACRA) has awarded the highest 5-Star (long-term) and 4-Star (short-term) ranking to MCB Dynamic Allocation Fund based on relative performance within the Asset Allocation Schemes category.
The long-term ranking denotes the relative performance as compared to peers over a period of last three years ended June 30, 2012. MCB Dynamic Stock Fund (MCB-DSF) under the category of Equity Schemes, has been assigned a ranking of 4-Star (short-term) and 4-Star (long-term). MCB-DSF was launched on 1st March 2007 and has delivered total return of 117% since inception as compared to its benchmark KSE-30's return of -7.3 percent (an outperformance of 124.3 percent). Pakistan Capital Market Fund (PCM), under the category of Balanced Schemes, has been assigned a ranking of 3-Star (short-term) and 3-Star (long-term).
Pakistan International Element Islamic Asset Allocation Fund (PIEIF), under the Category of Islamic Asset Allocation Schemes, has been assigned a ranking of 3-Star (short-term) and 3-Star (long-term). Pakistan Stock Market Fund (PSM) and Pakistan Premier Fund (PPF), under the Category of Equity Schemes have been assigned a ranking of 3-Star (short-term) and 3-Star (long-term).-PR