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Asset Management

Al-Meezan the advisory arm of Meezan Bank

Al Meezan Investment Management Limited (Al Meezan) is the largest manager for Shariah compliant funds in Pakistan. Al Meezan Investment Management Limited (Al Meezan), the asset management and investment advisory arm of Meezan Bank Limited, specializes in the development and management of Shariah compliant investment solutions.

 

Al Meezan has emerged as one of Pakistan’s leading flagships of Mutual Funds business managing assets of a large investor base of over 20, 000. Our solutions offer a range of Shariah complaint investment options, including diversified equity schemes, monthly income funds, a wide range of income and money market products, capital protected fund series and voluntary pension scheme. Al Meezan has one of the longest and the most successful track record of managing mutual funds in the private sector, spanning over 17 years.

 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Al Meezan is presently managing nine funds and an administrative plan under following categories:

 

Open End Funds

  • Al Meezan Mutual Fund (AMMF)
  • Meezan Islamic Fund (MIF)
  • KSE Meezan Index Fund (KMIF)
  • Meezan Sovereign Fund (MSF)
  • Meezan Cash Fund (MCF)
  • Meezan Islamic Income Fund (MIIF)
  • Meezan Capital Protected Fund-II (MCPF-II)

Voluntary Pension Scheme

  • Meezan Tahaffuz Pension Fund (MTPF)

Close End Funds

  • Meezan Balanced Fund (MBF)

Administrative Plan

  • Meezan Mahana Kharch Account (MMKA- Based on MCF/MSF)

 

 

The total size of these nine funds under management as at December 31, 2012 is over PKR 43 billion as compared to PKR 36.2 billion at the corresponding date last year. The increasing size of assets under management manifests the ability of the professional fund management team to consistently out-perform the peers and consequently build upon the investor confidence.

 

Al Meezan is ranked among the best performing asset management companies in Pakistan. The fund wise break up of net assets as at December 31, 2012 is as under:

 

 

Fund
PKR (Millions)
December 31, 2012
Funds Returns
CY Jan-Dec 2012
Meezan Sovereign Fund

20,082

10.2%

Meezan Islamic Fund

7,253

49%

Meezan Cash Fund

6,902

9.8%

Al Meezan Mutual Fund

1,804

49%

Meezan Islamic Income Fund

1,549

15.3%

Meezan Balanced Fund

1,508

32%

Meezan Tahaffuz Pension Fund

1,137

High Volatility: 41%
Medium Volatility: 29%
Low Volatility: 20%
Lower Volatility: 10%

Meezan Capital Protected Fund - II

475

18.3%

KSE Meezan Index Fund

300

18.5%*

*Performance start date of May 23, 2012

 

Al Meezan has also achieved Management Quality Rating “AM2”, assigned by JCR-VIS which denotes high management quality with a stable outlook. Al Meezan has been awarded ‘Best Islamic Asset Management House in Pakistan’ 2012 (Islamic Finance Awards) by Asset Triple A Awards, Hong Kong Meezan Islamic Fund (MIF), is Pakistan's largest equity fund in the private sector. Al Meezan’s two funds namely Meezan Islamic Fund (MIF) and Meezan Tahaffuz Pension Fund (MTPF) are the largest private sector funds in their respective categories. MIF is managing assets of worth over Rs. 7 billion and MTPF has total assets under management of over Rs. 1 billion.

 

The Shariah Advisor of Meezan Bank Limited, also being the Shariah Advisor of Al Meezan, supervises the operations in order to ensure Shariah compliance of the funds. In addition to the service quality, Shariah compliance and impressive performance in terms of returns to investors, Al Meezan also complies with the global best practices in asset management and has voluntarily adopted “Asset Manager Code of Professional Conduct” from CFA Institute, USA. Hence it has the distinction of being the first asset management company in Pakistan to comply with the global best practices in asset management.

 

Units of all open end funds are available at the offices of Al Meezan and all branches of Meezan Bank Limited (MBL) across Pakistan. For further details please visit http://www.almeezangroup.com/ call us at 0800-HALAL (42525) or SMS “invest” at 6655.



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