Al Meezan Launches Meezan Strategic Allocation Plan-I
Karachi: Al Meezan Investment Management Limited (Al Meezan) announced the launch of Meezan Strategic Allocation Plan-I (MSAP-I), an allocation plan under newly launched Fund of Funds Scheme, Meezan Strategic Allocation Fund (MSAF). The plan will use active asset allocation strategy for providing competitive returns on your 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 open for subscription till December 02, 2016.
Mohammad Shoaib, CFA, CEO of Al Meezan, while announcing the launch of the plan said “Previously we have launched Capital Preservation and Asset Allocation Plans series based on existing MFPF with two years duration and has very been very well received by the investors. One of the capital preservation plans, MCPP-I is going to mature on October 27, 2016 and the investors of the fund have gained 26.21% cumulative return since inception (as on October 14, 2016). Now we have launched MSAP-I, which is the first plan under Meezan Strategic Allocation Fund and is an ideal investment avenue for those who wish to earn a potentially high return through active asset allocation between Shariah Compliant Equity and Income/Money Market Schemes. The fund managers with their proven expertise will make prudent investment decision to optimize the returns for investors.”
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. 86.96 billion (as on September 30, 2016) in 11 different funds and an investor base of over 47,000 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. 35.2 Billion and Rs. 7 Billion respectively (as on September 30, 2016).