Launch of Meezan Dedicated Equity Fund (MDEF)
Karachi, October 6, 2017: Al Meezan Investment Management Limited (Al Meezan) is pleased to announce the launch of Meezan Dedicated Equity Fund (MDEF), an open end Shariah Compliant Equity scheme, which primarily invests in Shariah compliant listed equity securities. The objective of the fund is to provide a dedicated equity platform for Fund of Funds schemes to invest in.
Al Meezan has been managing investments since 1995 and has one of the longest track records of managing mutual funds in the private sector in Pakistan. Al Meezan with AM1 Management Quality Rating has the distinction of being the largest private sector Asset Management Company in Pakistan with total Assets under Management (AUMs) of about Rs. 101.2 billion (as on September 30, 2017) in 13 different funds and an investor base of over 67,000 clients. Al Meezan 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 Rs. 47.11 Billion and Rs. 8.3 Billion respectively (as on September 30, 2017).