KARACHI, Oct 28: ABL Asset Management Company Limited (ABL Funds), one of the leading asset management companies in Pakistan, has achieved the Highest Asset Manager Rating of AM1 by PACRA (denoting a very High Management Quality with Stable Outlook).
The rating upgrade reflects extensive progress across key performance areas including company’s elevating market positioning, growth and diversity in Assets under Management (AUMs), increasing market share and enhanced digital visibility. The rating also incorporates well formalized practices for investment processes, risk controls and compliance along with strengthening investment management practices. Going forward, the management plans to continue with its focus on digital platforms for increasing retail base and expanding distribution network for better outreach while adhering to the best practices of investment management.
This is a huge recognition for ABL Funds announced right when we have completed 15 Years of service excellence, said Mr. Alee Khalid Ghaznavi, Chief Executive Officer of ABL Funds. He expressed his gratitude, “We feel honored to have achieved this distinguished milestone. We thank Almighty Allah and all our investors, business partners and well-wishers for their continued patronage and support enabling us to reach these heights. We will continue to work diligently to meet the objectives of our valued investors.” About the Company ABL Funds is one of the fastest growing Asset Managers in Pakistan with a successful track record of 15 years of managing investments. It currently manages over PKR 113 Billion total Assets under Management (exclusive of FOFs as of October 31, 2022) spanning across a comprehensive product suite of 13 mutual funds, 2 pension funds and several investment plans. All these indicators translate well with the Company’s vision to be the most valuable investment manager by providing innovative investment solutions and quality services.