Financial markets
R. Seelaus & Co., a women-owned broker-dealer and asset management firm, and Goldman Sachs Asset Management have partnered to launch a cash management solution that supports organizations promoting gender equality. The collaboration introduces two new share class offerings within Goldman Sachs' money market funds, providing clients with a platform
Financial markets
The Securities and Exchange Commission (SEC) has proposed amendments to Form PF, a confidential reporting tool used to monitor market activity, flag systemic risks, and inform policymaking. The proposed changes would subject private equity funds to increased reporting obligations, including current reporting of significant events within one business day, a
Financial markets
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,
Financial markets
Karachi's Alfalah GHP Value Fund and 21 other funds have NAVs and pricing as of January 20, 2022. The funds include Alfalah GHP Islamic Stock Fund and Alfalah GHP Alpha Fund. Alfalah GHP Income Multiplier Fund and Alfalah GHP Cash Fund also have updated NAVs. Alfalah GHP Sovereign
Financial markets
Alfalah GHP Value Fund, along with other mutual funds under the Alfalah GHP umbrella, released net asset value (NAV) data for January 17, 2022. The data includes offer and redemption prices for various funds. The Alfalah GHP Value Fund, with a NAV per unit of 55.7114, had an offer
Financial markets
MCB Pakistan Fund's various schemes posted NAVs as of January 17, 2022, and January 18, 2022, highlighting the performance of different investment options. The EQUITY SCHEME MCB Pakistan Stock Market Fund, for instance, had a NAV of 100.611 as of January 17, 2022. The INCOME SCHEME Pakistan
Financial markets
The Securities and Exchange Commission (SEC) has announced a proposal to extend an existing exemption for certain transactions in money market funds. The exemption, which was originally granted in 2015, allows broker-dealers to provide transaction information to investors in money market funds operating under Investment Company Act Rule 2a-7(c)
Financial markets
The Securities and Exchange Commission (SEC) has voted to propose amendments to Rule 2a-7, which governs money market funds, and other related rules under the Investment Company Act of 1940. The proposed amendments aim to address concerns about prime and tax-exempt money market funds that were highlighted by market events
Financial markets
VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of HBL Money Market Fund (HMMF) at 'AA+ (f)' (Double A plus (f)). The fund continues to offer high liquidity through investments in low-risk securities of shorter duration and maturity. At the end of FY21, the
Financial markets
HBL Cash Fund, an open-ended money market fund, has experienced significant growth, with its net asset value increasing by ~50% to Rs. 26.4 billion by the end of FY21. The fund aims to provide competitive returns to investors through investments in cash and cash equivalents, sovereign instruments, and money
Financial markets
Atlas Asset Management Limited has maintained its stable market share despite a growth in overall assets under management (AUMs) over the past year. The company's experienced management team, structured investment decision process, and adequate risk management framework have contributed to its stable rating. Strong ownership and good governance
Financial markets
VIS Credit Rating Company Ltd. has reaffirmed the Fund Stability Rating (FSR) of Meezan Cash Fund (MCF) at 'AA (f)' (Double A (f)). The ratings agency reaffirmed the fund's rating after reviewing its investment policy and credit quality, which remained in line with the limits stipulated
