Al Meezan manages the assets of 1,000 institutional investors including Financial Institutions, Retirement Funds, Corporations, Public Sector Organizations, Healthcare Organizations, Charitable Institutions, Endowment Funds and Academic Institutions etc., representing a total of about PKR 33 billion in institutional assets under management (as on September 30, 2015). This demonstrates the depth of our experience in providing high quality, customized Portfolio Management and Advisory Services to institutional clients, understanding the complexities of their financial obligations and requirements, including legal requirements, challenging performance obligations, risk management and governance.
We seek to cultivate strong relationships with our clients by understanding client needs and goals comprehensively. Beyond traditional client servicing standards, we partner with our clients so they are apprised of developments regarding not only the strategy in which they are invested, but importantly the broader financial landscape.
Our investment management solutions are broadly categorized into Pooled Fund Management and Separately Managed Accounts
Pooled fund management
Al Meezan’s mutual funds’ solutions are spread over various asset classes such as Shariah compliant Equities, Sukuks, Commodities and other short-term instruments. These solutions are based on a single fund or a diversified portfolio of funds that best suit the client’s profile and investment policy. We help institutional investors build cost-efficient portfolios through portfolio diversification across various mutual funds,
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Separately Managed Accounts (SMAs)
Al Meezan’s SMA services include Discretionary and Non-Discretionary Portfolio Management Services and Investment Advisory solutions. Typically, SMAs are customized solutions for the clients with specific investment requirements. We work with you to tailor a solution according to your needs and investment style. Al Meezan’s dedicated corporate team will co-ordinate the servicing of your mandate, including performance reporting and the arrangement of regular meetings to keep you up to date with your investment performance. We currently manage a number of SMAs across various asset classes spanning the risk return spectrum.
Key Features of SMAs:
- Direct ownership of underlying securities
- Personalized investment management
- Specifically designed Investment Policy Statement (IPS)
- Increased Investor control over portfolio management
- Superior risk adjusted returns
- Flexible fee structure
We offer following services to institutional investors in SMAs:
Discretionary Portfolio Management
It includes Portfolio Management based on Investment Objective, Constraints and Risk Profile of the Investor. Al Meezan has full discretion over the ultimate investment decisions and strategies employed in the portfolio of its clients
Non- Discretionary portfolio Management
Al Meezan Investments performs Risk Profiling, suggest Asset Allocation and execute Trade Transactions. However, full discretion over choice and timing of Investment Decisions remain with the client
Investment Advisory covers Risk profiling and suggestion of Asset Allocation only (choice, timing and execution of trade remain with the client)
SMA Process Flow & Investment Strategies
SMAs are available for institutional investors interested in individual securities purchased in a separate custodial account pursuant to a customized investment management agreement and investment guidelines. Minimum investments vary by strategy.
Our fixed income strategies cover a range of Shariah compliant Fixed Income securities and Mutual Funds, rate exposure and portfolio durations. We tailor portfolio solutions to meet specific client risk/return profiles and defined investment objectives. These strategies are aimed at providing low-cost structures with lower volatility by investing in Shariah compliant fixed income instrument for example Sukuks, GOP-IJ and COIs etc.
Our equity strategies cover various investment styles including Shariah compliant Growth Strategies, Value Based Investing and Index Tracking etc. Al Meezan manages the largest private sector equity portfolio -in Pakistan. Our product offerings include equity funds, Index Tracker funds as well as customized separate accounts.
We provide institutional clients with a wide variety of liquidity and enhanced liquidity mandates customized to their unique portfolio needs. Our product offerings include Shariah compliant money market securities and mutual funds as well as customized separate accounts. These strategies are aimed at providing low-cost solutions for short-term investment by investing in Shariah compliant money market securities for example Banks and DFI placements, Commercial papers and cash etc.
If you wish to explore investment solution through a SMA, please contact our experts.
Mr. Abdul Ahad Sohail
AVP Corporate Sales
Mr. Bilal Hussain
Manager- SMA & Institutions