November 22, 2018:- ABL Funds is pleased to announce the addition of a new fund category to its product suite namely Allied Finergy Fund (AFF), Pakistan’s 1st Financial & Energy sector focused Asset Allocation Fund. This dual sector-specific asset allocation fund has been specially tailored to provide the investors with yet another unique investment avenue that aims to benefit from the expected growth potential in Pakistan’s financial and energy sectors through dynamic asset allocation and absolute return strategy. The fund is now open for subscription.
Allied Finergy Fund is ideal for investors who are looking to generate long term capital appreciation and diversify the equity portion of their portfolio through a sector oriented asset allocation scheme. The Fund will actively allocate its portfolio between the equity and fixed income/money market asset classes based on the macroeconomic view of the fund manager.
At the launch of the Fund, Mr. Alee Khalid Ghaznavi, CEO ABL Funds stated “ABL Funds have continued in its endeavor to address the investors’ needs by introducing specialty products. Allied Finergy Fund offers an opportunity to gain exposure exclusively to Pakistan’s Financial and Energy sectors (index’s heavyweights) based securities thereby fully capturing the opportunity to gain from the expected upside in the coming years. The investment strategy for the equity exposure of the fund will be to invest in fundamentally strong liquid and dividend yielding stocks particularly of Oil & Gas exploration and commercial banks.”
For the past 10 years, ABL Funds is serving the investment needs to thousands of investors. It is the wholly owned subsidiary of Allied Bank and has Management Quality Rating of AM2++ by JCR-VIS which donates very good Management Quality. It is the only AMC in Pakistan which is ISO 27001 certified. ABL Funds is presently managing eleven mutual funds, two voluntary pension schemes and several administrative plans with total Assets under Management (AUMs) excluding Fund of Funds, of around Rs. 42.8 billion (as on October 31st, 2018).
