PACRA Assigns Positive Outlook to Asset Manager Rating of Alfalah GHP Investment Management Limited : AsiaNet-Pakistan

PACRA Assigns Positive Outlook to Asset Manager Rating of Alfalah GHP Investment Management Limited

August 9, 2019 | General Business News | Share:

Lahore, August 09, 2019 (PPI-OT): The rating reflects the company’s ability to increase its market share in distressed macro-economic environment. The company’s sponsorship of Bank Alfalah Limited, a renowned financial institution provides support to the rating. The rating incorporates the management’s focus towards strengthening client base through digital initiatives, own branch expansion and sponsor bank.

The rating accounted the company’s sound governance structure, seasoned management team, structured investment process and the competitive performance of the company’s funds when compared to peers. While the industry witnessed decline of ~11% in FY19, the AUM of the company increased by 22%. The growth in AUM has translated into higher system share. Alfalah GHP through capitalizing on parent bank’s network has gained momentum towards increasing its AUM. The company has prominent position in the investment advisory domain.

The positive outlook captures the company’s augmented ability to expand its AUM base in light of the business strategy. The rating is dependent on the organization’s capacity to effectively execute its business plan leveraging on group synergies to strengthen its system share. Sustainable fund performance, increasing market share and translation of initiatives to increase retail AUM will be positive rating drivers.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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Category: General Business News