Financial markets
Faysal Funds, a Pakistani asset management company, has released an update on its funds' prices for the month of December 2021. The update covers 22 funds, including equity, debt, and money market funds. The prices are as of the dates mentioned, and the information is available to the public
Financial markets
Alfalah GHP Value Fund, along with other mutual funds under the Alfalah GHP umbrella, announced updated Net Asset Values (NAV) for December 20, 2021. The NAV values were affected by market fluctuations and investment strategies, impacting investor returns. The data provided a snapshot of the mutual fund landscape at a
Financial markets
The U.S. Securities and Exchange Commission proposed tightening a legal safe harbor that allows corporate insiders to trade in a company's shares and other rules to improve the resilience of money market funds. The agency also unveiled measures to increase transparency around share buybacks and complex derivatives.
Financial markets
The Securities and Exchange Commission (SEC) has proposed amendments to the rules governing money market funds in response to the economic uncertainty caused by the COVID-19 pandemic. In March 2020, investors withdrew large sums from prime and tax-exempt money market funds, creating stress in short-term funding markets. The proposed amendments
Financial markets
Since Italian billionaire Stefano Pessina took over Boots almost 15 years ago, concerns have been raised about the future of the beloved High Street chemist chain. Pessina has hired Goldman Sachs to explore a sale of the business, which could fetch up to £10 billion. However, the potential sale has
Financial markets
Financial institutions like Zigvern Ltd and Allbutt Ltd use hedging techniques to mitigate potential losses due to market fluctuations. By leveraging futures and options, these companies can protect their investment portfolios from adverse market movements. For instance, Zigvern Ltd sold FTSE 100 futures to profit from a potential market downturn,
Financial markets
On November 29-30, 2021, MCB-Arif Habib Savings and Investments Limited provided the latest NAV (Net Asset Value) and offer prices for its various funds. The company's equity schemes, such as the MCB Pakistan Stock Market Fund and the Alhamra Islamic Stock Fund, offered NAVs of 101.0766 and
Financial markets
Faysal Funds, a leading fund management company in Pakistan, has announced various investment options for individuals and institutions alike. The company offers a range of funds with differing investment objectives, asset allocation, and risk profiles, catering to diverse market conditions and investor needs. The Faysal Funds' offerings include a
Financial markets
Faysal Funds, a Karachi-based investment management company, has released the offer prices and redemption prices for its various funds as of November 2021. The data, which includes prices for 20 different funds, provides valuable insights into the financial performance of these investment vehicles. With some funds offering returns as high
Financial markets
The COVID-19 pandemic led to a significant increase in concerns among investors, resulting in massive outflows from U.S. dollar-denominated prime money market funds (MMFs) in March 2020. A total of $143.1 billion was redeemed from domestic and offshore MMFs, with investors withdrawing their shares en masse from funds
Financial markets
Faysal Asset Management offers a range of mutual funds in Pakistan, catering to different investment objectives and risk appetites. The fund houses, including Faysal Asset Allocation Fund, Faysal Islamic Asset Allocation Fund, and Faysal Stock Fund, among others, have their offer prices and redemption prices listed for November 2021. This
Financial markets
State Street Global Advisors, the asset management business of State Street Corporation, has announced the launch of a new money market fund share class called the Opportunity Class. This new share class is designed to benefit philanthropic organizations whose values align with State Street's commitment to racial equity
