Karachi: Al Meezan Investment Management Limited (Al Meezan) is pleased to announce the launch of Meezan Asset Allocation Plan-I (MAAP-I), 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, while announcing the launch of the plan said “There are many investors who are wary to invest in the stock market. Meezan Asset Allocation Plan-I (MAAP-I) offers them a complete investment portfolio in a single investment. It provides a convenient way to invest upto 100% in the stock market and simultaneously earn the benefit of diversification while saving from the hassle of investing in multiple funds.”
He further added that “The objective of the Plan is to earn a potentially high return through asset allocation between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market Schemes. MAAP-I is ideal for investors who wish to gain returns from the equity market but are unaware of the right time to buy or sell. Our fund managers with their proven expertise will make best investment decision to optimize the returns.”
Al Meezan managing investments since 1995, has one of the longest track records of 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 over Rs. 66.4 billion (as on June 30, 2015) in 11 different funds and an investor base of over 33,000 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. 27 Billion and Rs. 4.5 Billion respectively (as on June 30, 2015). Speaking on this occasion, Mr. Shoaib thanked both individual and institutional investors for their confidence and trust which enabled Al Meezan to achieve these distinctions. “We will Insha’Allah continue to work diligently to meet the demands of our investors and work towards our vision of making Shariah compliant investing first choice of investors” he added.