AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, August 16, 2023 (PPI-OT): During 3-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds. The category average showed a positive return of 6.77%. While top performing fund in the category showed a return of ~54.7%. AKD Opportunity Fund ranked 4 Star.
Total return of AKD Opportunity Fund in 3-year is ~32.4% which performed significantly well from stock market negative return of -1.52%. In the end Jun’23, Fund’s generate income by investing ~97.23% in equities and ~0.93% in cash. Sector wise Fund majority invested ~25.26% in Invest Bank /Inv. Cos, ~23.94% in Textile Spinning, ~19.34% in Insurance and ~17.17% in others.
For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com
The post PACRA Assigns Star Ranking to AKD Opportunity Fund 3-Year appeared first on Pakistan Business News.