Financial markets
Faysal Funds, a well-established asset management company in Pakistan, has released the latest offer prices and redemption prices for its various funds. As of November 8 and 9, 2021, a total of 24 funds are listed with their respective offer and redemption prices. The funds cater to diverse investment objectives,
Financial markets
The Federal Reserve's latest financial stability report indicates that US banks have continued to maintain profitability and strong capitalization. Despite this, the report highlights ongoing vulnerabilities in money market funds, bond and bank loan mutual funds, and the growing stablecoin sector. The Fed also notes an increase in
Financial markets
BMO Investments Inc. (the "Manager"), the manager of the BMO Mutual Funds, has announced significant changes to certain funds in their portfolio. Effective immediately, the Manager has reduced the management fees and administration fees for several series of the BMO Money Market Fund. Additionally, the Manager has announced
Financial markets
Faysal Funds, a renowned asset management company in Pakistan, has released the offer prices and redemption prices for its various funds as of October 2021. The information is crucial for investors to make informed decisions about their investments. According to the data, Faysal Asset Allocation Fund had an offer price
Financial markets
Faysal Asset Management, a leading investment management firm in Pakistan, has announced the offer prices and redemption prices for its various funds as of October 15 and 18, 2021. The company provides a range of asset allocation, income, and savings growth funds, catering to diverse investor needs. Key Takeaways: * The
Financial markets
Atlas Islamic Money Market Fund, a money market fund in Pakistan, has maintained its low risk profile, allocating a significant portion of its assets to high-rated banks and remaining invested in low-risk, liquid avenues. As of June 2021, the fund had invested around 44% in bank-rated 'AA' and
Financial markets
HSBC's new Ireland-domiciled ESG-focused money market fund, Sterling ESG Liquidity Fund, has received an Aaa-mf rating from Moody's Investors Service. This fund aims to cater to investors seeking a low-risk investment with a focus on environmental and social governance (ESG) characteristics. The rating reflects the fund&
Financial markets
Faysal Funds, a renowned asset management company, has recently released the offer prices and redemption prices for its various mutual funds as of October 2021. The company offers a diverse range of funds catering to different investment objectives and risk profiles, including income and growth, Shariah-compliant, and pension funds. The
Financial markets
Faysal Funds, a Pakistan-based asset management company, has released the offer prices and redemption prices for its various funds as of October 2021. The data reveals the current market values of Faysal's funds, providing insights into their performance and investment potential. The fund's diverse portfolio includes
Financial markets
Manulife Investment Management Philippines (Manulife IM), the fund management arm of the Manufacturers Life Insurance Co. (Philippines), has introduced a unit investment trust fund (UITF) designed to provide a safe haven for investors during times of market uncertainty. The new Manulife Money Market Fund allows investors to allocate as low
Financial markets
Federal Reserve Chairman Jerome Powell testified to Congress that the central bank has "no intention" to ban cryptocurrencies. This statement comes after years of speculation among cryptocurrency bears that the US government would outright ban the sector, similar to the 1933 ban on holding gold. However, Powell emphasized
Financial markets
McB Pakistan and Alhamra funds have recently released their NAV (Net Asset Value) summary for various schemes as of September 27, 2021, with a few exceptions for September 25 and 28. The summary indicates the current NAV, offer price, and redemption price for each fund. McB Pakistan and Alhamra funds
