Al Meezan Investments Launches Meezan Strategic Allocation Plan-IV
KARACHI: Al Meezan Investment Management Limited (Al Meezan) announced the launch of Meezan Strategic Allocation Plan-IV, fourth in series under Meezan Strategic Allocation Fund (MSAF). The plan will use active asset allocation strategy for providing competitive returns on investment. MSAP-IVwill 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.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. MSAP- I, the first plan launched under this series has successfully generated 15.43% total return in just 193 days of operations (as on April 30, 2017). Meezan Strategic Allocation Plan-IV 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), upcoming Pakistan’s classification into MSCI-Emerging Markets and interest of foreign investors in Pakistan, it is the ideal time for investors to invest especially for a longer period of time”.
Al Meezan managing investments since 1995, has one of the longest track records of 22 years in the private sector in Pakistan. With AM1 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. 120 billion (as on April 30, 2017) in 13 different funds and an investor base of over 57,000 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. 55 Billion and Rs. 9 Billion respectively.