AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, August 16, 2023 (PPI-OT): During 5-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF program, 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 negative return of -11.8%. While top performing fund in the category showed a return of ~20.9%. Faysal Stock Fund ranked 3 Star. Total return of Faysal Stock Fund in 5-year is -12.58%. The year 2020 was a year of severe distress which impacted the stock market significantly with negative returns of -1.09%.
Resultantly, the year also impacted the Fund’s return which is also evident from 3-Years cumulative returns. In the end Jun’23, Fund’s generate income by investing ~75.40% in equities and ~7.28% in cash. Sector wise Fund majority invested ~53.16% in Insurance, ~16.28% in Investment Banks/ Inv. Cos/ Securities Cos. and ~2.90% 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 Faysal Stock Fund 5-Year appeared first on Pakistan Business News.