ABL Funds is pleased to announce that VIS Credit Rating Company Limited (VIS) has upgraded the Fund Stability Rating for ABL Government Securities Fund (ABL GSF) to ‘A+ (f)’ from ‘A (f)’ on January 20, 2020. Previous Rating action was announced on January 16, 2018.
Launched in November 2011, ABL GSF as a Fixed Income Fund is designed to deliver risk adjusted returns by investing primarily in a diversified pool of debt instruments comprising short and long term government securities. As per the fund’s investment policy, minimum of 70% of the fund’s assets must be deployed in government securities based on quarterly average investments to be calculated on a daily basis. The rating upgrade takes into account the fund’s strong credit quality, modest exposure to market risk, improving liquidity profile and increase in proportion of retail investments. Actual asset allocation and duration of the fund remained compliant with VIS’s criteria during the review period.
ABL Government Securities Fund aims to provide to a competitive stream of income on your investment by investing in safe and secure securities issued by the Government of Pakistan. The objective of the scheme is to deliver optimal risk adjusted returns by investing mainly in mix of short to long term Government Securities and other debt Instruments.
ABL Government Securities Fund is suitable for investors with medium term investment horizon, seeking optimal returns while aiming to preserve the principal by avoiding volatility of other fixed income instruments and stock market. The annualized return of ABL GSF for the last one year was 11.41% (Jan 2019- Dec 2019) in line with the Benchmark’s return for the corresponding period of 12.42%. The Assets under Management of ABL GSF stood at Rs. 4.07 Billion (as on Dec 31, 2019).
