Money, Finance and Banking Blog in Pakistan
Posts tagged Fund Management
Arif Habib Investments Cautions General Public
Jan 20th
Dawn newspaper on January 19, 2010 carried an advertisement from Arif Habib Investment cautioning general public against fraudulent activities of some imposters. The notice informs that some unauthorized persons have approached investors to obtain blank or bearer cheques for investment in mutual funds.
The notices informs general public that cheque / pay order / demand draft should only be issued with “payees account only” in favor of the trustee of the respective fund as mentioned in the offering documents of funds.
It added that financial instrument (i.e. cheque / pay order / demand draft) should only be handed over to the authorized More >
IGI Investment Bank Launches Wealth Management Services
Jan 17th
IGI Investment Bank Limited, part of the IGI Financial Services Group, has recently launched a comprehensive suite of Wealth Management services specifically designed for the needs of its high net-worth clients.
Individuals looking to invest will now have access to the resources and expertise of a financial group involved in businesses ranging from Investment Banking, Securities Brokerage, Insurance, Asset Management, etc., to provide them the best set of investment solutions from across the industry.
Investors will be assigned a Personal Wealth Manager, and a highly experienced Investment Committee which will oversee and review investment strategies that are carefully modified to meet the More >
MCB Asset Management Signs Trust Deed with CDC
Jul 23rd
The signing ceremony for the execution of the trust deed of the “MCB Cash Management Optimizer Fund”, between the MCB Asset Management Company Limited and the Central Depository Company of Pakistan Limited (CDC), was held on Friday, July 10, 2209.
MCB CMOP is purely a money market fund. This fund is ideal for investors seeking short term parking for their surplus liquidity.
MCB Asset Management Company is a wholly owned subsidiary of the MCB Bank Limited, one of the largest banks in Pakistan, with a network of about 1,100 branches.
MCB AMC is currently managing three funds with the name of MCB Dynamic More >
UBL Fund Managers to Implement Oracle Financials
Jul 2nd
UBL Fund Managers, an asset management company, has announced the implementation of Oracle Financials for managing the company’s accounting and reporting requirements.
The implementation comprises five modules namely General Ledger, Payables, Receivables, Cash Management and Fixed Assets. The project completion is targeted towards the end of the calendar year. The solution is being implemented by IBM — a name well-known in the IT Industry.
With this implementation, UBL Fund Managers, currently managing assets of around Rs22 billion, intends to achieve overall efficiency in different areas and execute operations on real-time basis for timely and prudent decision-making, says a press release.
UBL Fund Manager More >
ABL Asset Management Launches ABL Sock Fund
Jun 26th
Investing in stocks requires deep and wide knowledge of a host of factors and mature decision making ability. When stock prices keep swinging from highs to lows, the decision of when to buy stocks or when to sell them becomes quite difficult.
ABL Asset Management Company Limited (ABL AMC) tells that key is to think long term and leave the investment decisions to professionals. ABL AMC has launched ABL Stock Fund which is open for initial offer for June 25-27, 2009.
ABL Stock Fund (ABL-SF) is an open end equity fund to generate long term capital appreciation and income from a diversified More >
