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Asset Management

Al-Meezan the advisory arm of Meezan Bank

Al Meezan Investment Management Limited (Al Meezan) is the subsidiary of Meezan Bank Limited. Core area of Al Meezan’s business is investment management with proven expertise in:

 

  • Developing, floating and managing Islamic (Shariah compliant) Mutual Funds
  • Structuring and managing Discretionary and Non-Discretionary Portfolios
  • Providing Investment Advisory Services

 

Al Meezan is the largest fund manager in private sector in Pakistan and the Only Shariah compliant Asset Management Company in Pakistan. Al Meezan has successfully completed 20 years of its existence in 2015. This is one of the longest track records in private sector in the area of investment management in Pakistan and has emerged as one of Pakistan’s leading investment solutions provider in a Shariah compliant manner. Al Meezan has recorded phenomenal growth over the last five years with its Assets under management (AUMs) growing from PKR 17.8 billion in January 2010 to about PKR 61 billion on February 27, 2015 reflecting an impressive 243% growth in AUMs in the last five years.

 

Al Meezan also boasts to have the largest penetration among retail investors in the country with total investor base of over 30,000 investors. Not only that, it is perhaps one of the few institutions in the country which has helped investors achieve their investment objectives in a truly Shariah Compliant manner. The investment solutions offer a range of options, including diversified equity schemes, monthly income funds, a wide range of income and money market products, capital preservation fund series and voluntary pension scheme. During 2014, Al Meezan has mainly focused on launch of Capital Preservation Funds and Plans due to the growing demand for funds and has risen about PKR 10 billion, making it the largest manager for Shariah Compliant Capital Preservation Funds in the country.

 

Al Meezan has recently launched its first ever investment plans focusing on the customer needs of education for the children, building the family home and performance of Hajj. These innovative investment plans have the embedded feature of Takaful coverage, which will ensure that the investment objective is achieved even in the case of occurrence of any unforeseen event with the investor.

 

Al Meezan is presently managing eleven funds and administrative plans. The fund wise break up of net assets as on February 27, 2015 is as under:

 

 

 

Fund Net Assets (Rs. Mn.)

FY15TD Returns%

FY14 Returns%

FY13 Returns%

Equity Funds

 

 

 

 

Meezan Islamic Fund (MIF)

26,188

15.82

29.15

50.70

Al Meezan Mutual Fund (AMMF)

3,546

16.84

29.86

50.60

KSE Meezan Index Fund( KMIF)

1,340

10.51

26.50

49.60

Balanced Funds

 

 

 

 

Meezan Balanced Fund (MBF)

2,856

11.42

19.64

31.80

Fixed Income/ Money Market Funds

 

 

 

 

Meezan Sovereign Fund (MSF)

11,117

6.43

8.50

9.11

Meezan Cash Fund (MCF)

3,354

7.61

7.08

8.78

Meezan Islamic Income Fund (MIIF)

5,178

8.71

11.90

14.45

Fund of Funds

 

 

 

 

MFPF- Aggressive Allocation Plan

354

11.73

22.10

9.00***

MFPF- Moderate Allocation Plan

381

9.36

17.30

6.50***

MFPF- Conservative Allocation Plan

408

6.67

12.60

3.80***

MFPF - MCPP-I

1,618

8.37

-

-

MFPF - MCPP-II

2,711

0.20

-

-

Meezan Capital Preservation Fund (MCPRF-II)**

2,244

10.04

-

-

Meezan Capital Preservation Fund-III*

3,379

10.90

5.60

-

Voluntary Pension Schemes

 

 

 

 

Meezan Tahaffuz Pension Fund-(Equity Sub Fund)

2,092

20.85

32.40

54.90

Meezan Tahaffuz Pension Fund-(Debt Sub Fund)

1,267

6.08

7.70

8.30

Meezan Tahaffuz Pension Fund-(M. Mkt Sub Fund)

337

6.62

6.90

7.80

* MCPF-performance start date of Jan 31, 2014, ** MCPrF-II-performance start date of Jun 28, 2014, *** MFPF performance start date of Apr 11, 2013

 

Awards & Achievements- 2014

  • Management Quality Rating Upgraded to “AM2+”. This denotes superior performance relative to the peers and gives us the high management quality rating currently awarded to fund managers in Pakistan.
  • Meezan Islamic Income Fund (MIIF) was awarded ‘Best Fund’ over 1, 2, 3 and 5 year categories by Lipper Fund Awards 2014 - in Global Islamic Category.
  • Meezan Capital Preservation Fund- III (MCPF-III), our first fund in capital preservation series launched in 2014 was awarded “Best Regional Fund Performance” by IFN Islamic Investor Awards 2014.
  • Al Meezan is also the manager of Pakistan’s Largest Equity Fund -Meezan Islamic Fund and the Largest Pension Fund - Meezan Tahaffuz Pension Fund in Private sector, currently with assets under management of Rs 26 Billion and about Rs. 3.7 Billion as on February 27, 2015 respectively.

 

The Shariah Advisor of Meezan Bank Limited, also the Shariah Advisor of Al Meezan, supervises the operations 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. Al Meezan is also compliant with the Global Investment Performance Standards (GIPS®) GIPS

 

Units of all open end funds are available at the offices of Al Meezan in Karachi, Lahore, Islamabad, Peshawar and Faisalabad and also through all branches of Meezan Bank Limited (MBL) across Pakistan, Online Transactions-Member Services Area or through MBL’s Internet Banking facility.

 

For further details please visit http://www.almeezangroup.com/ call us at 0800-HALAL (42525) or SMS “invest” at 6655.

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