AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, October 30, 2019 (PPI-OT): The rating reflects the fund’s moderate credit quality and liquidity profile. At end‐Jun’19, 37% of fund’s assets were invested in T‐Bills, 39% holding was maintained in Sukuk/TFCs, whereas 22% of assets were placed with banks. The unit holding pattern of the fund emanates high liquidity risk as top 10 investors represent 97% of the fund’s assets.
Going forward, the fund intends to increase its exposure in government securities and maintain in Sukuk/TFCs. Material changes in the fund’s asset allocation strategy, impacting its credit quality and/or exposure to interest rate risk, would affect its rating.
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