Al Meezan Investments Launches Meezan Strategic Allocation Plan-II
KARACHI: Al Meezan Investment Management Limited (Al Meezan) announced the launch of Meezan Strategic Allocation Plan-II, second in series under newly launched Meezan Strategic Allocation Fund (MSAF). The plan will use active asset allocation strategy for providing competitive returns on investment. It is a unique asset allocation plan for investors who wish to benefit from the equity market and want an actively managed investment portfolio with diversification. The plan has an initial term of two years and is now open for subscription.
Mohammad Shoaib, CFA, CEO of Al Meezan, said “Previously we have launched Capital Preservation and Asset Allocation Plans series based on existing MFPF with two years duration and were very well received by the investors. Now we have launched MSAP-II, which is the second plan under Meezan Strategic Allocation Fund and is an ideal investment avenue for those who wish to take up to 100 percent exposure to equities. Right now it is the ideal time for investors to invest in equities especially for a longer period of time as the path for equity investments appears filled with positive outlooks due to the upcoming foreign stake in PSX, MSCI reclassification and promising economic prospects under CPEC. MSAP-II will smartly invest and disinvest between Islamic Equities and Islamic Income/Money Market based mutual funds, depending on the Fund Manager’s outlook on asset classes .”
Al Meezan managing investments since 1995, has one of the longest track records of over 20 years in the private sector in Pakistan. With AM2++ Management Quality Rating, Al Meezan has the distinction of being the largest private sector Asset Management Company in Pakistan with total Assets Under Management (AUMs) of Rs. 103.3 billion (as on December 31, 2016) in 13 different funds and an investor base of over 50,000 clients. Al Meezan also has to its credit Pakistan’s largest private sector Equity Fund i.e. Meezan Islamic Fund (MIF) and largest Voluntary Pension Fund i.e. Meezan Tahaffuz Pension Fund (MTPF), with AUMs of over Rs. 46.9 Billion and Rs. 8.2 Billion respectively (as on December 31, 2016).