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MCB Pakistan Stock Market Fund

Investment Objective

The objective of the fund is to provide investors long term capital appreciation from its investment in Pakistani equities.

Fund Profile

MCB Pakistan Stock Market Fund (MCB-PSM) is an open end equity fund that invests in quality stocks listed in Pakistan.

The fund is actively managed and fundamental research drives the investment process. Fundamental outlook of sectors/companies and DCF (discounted cash flow) valuations are the primary factors in sectors’ allocation and stock selection. Major portion of the fund’s portfolio is high quality liquid stocks. The funds which are not invested in equities are required to be kept in bank deposits and short-term money market instruments/ placements. MCB-PSM is a long only fund and cannot undertake leveraged investments. Under the Regulation number 58(1)(k) of NBFC and NE regulations 2008, it is only allowed to borrow up to 15% of net assets for up to 90 days to meet redemption needs.

Overseas Investors

 

Quick Facts

Launch Date 11th March 2002
Fund Type An Open End Scheme
Currency PKR
Minimum Investment 500 /-
Fund Manager Syed Abid Ali
Asset Manager Rating AM2++ (AM Two Double Plus) by PACRA (08-Jun-16)
Pricing Mechanism Forward
Listing Pakistan Stock Exchange
Trustee Central Depository Company of Pakistan Limited
Auditor A.F.Ferguson & Co. Chartered Accountants
Benchmark KSE 100 Index

5 years performance

Year Fund (%) Benchmark (%)
2016 5.25 9.84
2015 39.35 16.01
2014 34.78 41.16
2013 49.40 52.20
2012 11.30 10.40