HBL Asset Management Announces Mutual Fund NAV Prices

On January 25, 2022, HBL Asset Management Limited released the Net Asset Value (NAV) market closing prices for its various mutual funds. The announced NAV prices reflect the market value of the funds' assets as of their respective closing dates. HBL's conventional mutual funds and Shariah-compliant funds, as well as its pension funds and funds of funds, are included in the announcement. The NAV prices for conventional funds ranged from 96.7402 to 119.3612, while Shariah-compliant funds' NAV prices ranged from 90.2896 to 115.9535.

Key Takeaways:

• HBL Asset Management announced NAV prices for 19 mutual funds on January 25, 2022.
• The conventional mutual funds' NAV prices ranged from 96.7402 (HBL Stock Fund) to 119.3612 (HBL Income Fund).
• Shariah-compliant funds' NAV prices ranged from 90.2896 (HBL Islamic Equity Fund) to 115.9535 (HBL Islamic Asset Allocation Fund).
• HBL Pension Fund's equity sub-fund saw a significant increase in NAV price, from 379.6187.
• Funds of funds, such as HBL IFPF Active Plan and HBL FPF Active Plan, also had their NAV prices announced.

Statistics:

• The highest NAV price among all funds announced was 119.3612 for HBL Income Fund.
• The lowest NAV price among all funds announced was 6.51 for HBL Growth Fund - Class A.
• The total number of mutual funds included in the announcement was 19.
• HBL Islamic Dedicated Equity Fund's NAV price remained unchanged at 94.4154.

Sources:

• PPI-OT, "HBL Asset Management announces mutual fund NAV prices," JAN 25, 2022.