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Karachi: The Pakistan Credit Rating Agency Limited has reaffirmed the asset manager rating of ABL Asset Management Company Limited, highlighting the company’s experienced management team, robust risk management framework, and significant digital advancements. The rating reflects ABL Funds’ strong market presence and its strategic and operational support from its parent bank.
ABL Funds manages a diversified investment portfolio, including eighteen open-end funds and four pension schemes, with offerings in conventional and Shariah-compliant investments. The company has made strides in digital infrastructure, introducing web-based onboarding solutions and enhancing its online service portal, which has led to a significant increase in digital account openings.
As of June 2025, ABL Funds reported a 31% increase in assets under management, reaching PKR 260 billion, compared to industry growth of 40%. This growth translates to a 7% market share, with a clientele mix of 67% institutional and 33% retail investors. The company also manages Separately Managed Accounts for both discretionary and non-discretionary clients.
Financially, ABL Funds saw substantial growth in management and commission income, which rose by 86% to PKR 1,337 million in the first half of 2025. Profit after tax nearly doubled to PKR 546 million, underscoring improved operational efficiency and profitability. The company’s equity base strengthened to PKR 5.3 billion, exceeding regulatory requirements.
The rating’s maintenance depends on the management’s execution of business development plans and digital initiatives to boost operations and market outreach. Consistency in fund performance, profitability growth, adherence to corporate governance, and retention of key personnel are crucial factors for the company’s continued success.