Pakistan Credit Rating Agency Limited maintains asset manager rating of Alfalah GHP Investment Management Limited

Lahore, March 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Alfalah GHP Investment Management Limited (AGIML) at “AM2-” (AM Two Minus). The rating reflects the company’s high investment management industry standards and benchmarks with noted strengths in several of the rating factors.

The rating reflects AGIML’s well-structured investment management framework, sound operating platform and an experienced management team. It also incorporates well diversified product slate and enhanced integration with the parent bank lending support towards enhancement of the system share. Retail penetration, to add diversity toward the AUM base, by effectively utilizing parent bank’s outreach is gradually gaining momentum. The management team is focused on delivering a consistent fund performance by following a sound decision making process. This is reflected in latest results.

The rating is dependent on the company’s ability to successfully capitalize on its parent bank’s network for achieving growth in AUM’s while improving fund mobilization from retail segment. Meanwhile, further strengthening of research function along with consistency of above average fund performance remains crucial.

For more information, contact:
Hammad Rashid
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