Al Meezan Investments Launches Meezan Strategic Allocation Plan-III
KARACHI: Al Meezan Investment Management Limited (Al Meezan) announced the launch of Meezan Strategic Allocation Plan-III, third in series under 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 “Meezan Strategic Allocation Plan Series have been well received by investors. Meezan Strategic Allocation Plan-III, the third plan under Meezan Strategic Allocation Fund, is an ideal investment avenue for those who wish to take maximum exposure to equities. With the rapid development of China-Pakistan Economic Corridor (CPEC) and interest of foreign investors in Pakistan, it is the ideal time for investors to invest especially for a longer period of time. MSAP-III 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 21 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. 111 billion (as on February 28, 2017) in 13 different funds and an investor base of over 53,000 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 current AUMs of over Rs. 50 Billion and Rs. 8.5 Billion respectively.