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
Financial markets
NBP Fund Management Limited has published the latest net asset values for its various funds as of August 30, 2021. The values provide insight into the performance of the funds, showcasing the current market situations and trends. The net asset values for the funds have been disclosed, revealing the performance
Financial markets
In a statement issued by KattenMuchinRosenman LLP, the law firm has challenged recent derivative lawsuits against Special Purpose Acquisition Companies (SPACs), asserting that they are not "investment companies" under the Investment Company Act of 1940. The lawsuits claim that SPACs are investment companies because they invest proceeds from
Financial markets
The National Bank of Pakistan's (NBP) Fund Management Limited has released the latest update on its investment funds, providing current offers and redemption prices for various funds as of August 23, 2021. A total of 31 funds, including Islamic and conventional savings funds, money market funds, and pension
Financial markets
As of August 23, 2021, HBL Asset Management Limited released the net asset value (NAV) of its mutual fund schemes. The data includes the NAV of various schemes under the conventional mutual funds, Shariah compliant mutual funds, and pension funds, as well as fund of funds. The NAV is presented
