PACRA Maintains Asset Manager Rating of Alfalah GHP Investment Management Limited
Lahore, December 22, 2017 (PPI-OT):The rating reflects AGIML’s well-structured investment management framework, sound operating platform, and an experienced management team. It incorporates well diversified product slate and enhanced integration with the parent bank. The company aims to attract decent investments considering the current attrition in the AUM base owing to lacklustre stock market performance. Retail portion adds diversity to the AUM base and provides support to the business. The company has planned to strengthen its marketing team to further penetrate the retail market.
Lately, Fund performance has remained above the set benchmarks. However, consistency in the performance in comparison to industry requires some time. Furthermore, it plans to form a separate research team of experienced resource that will support the investment decision making process. 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, consistency of fund performance remains crucial.
For more information, contact:
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