MCB Pakistan Sovereign Fund
Investment Objective
The objective of the fund is to deliver income primarily from investment in government securities.
Fund Profile
MCB Pakistan Sovereign Fund (MCB-PSF ) is an open end fund, which invests in bonds and debt securities issued by the Government of Pakistan as well as Reverse Repurchase transactions (Reverse-REPOs) against government securities. 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.
Quick Facts
| Launch Date | 01st March 2003 |
|---|---|
| Fund Type | An Open End Scheme |
| Currency | PKR |
| Minimum Investment | 500. /- |
| Fund Manager | Saad Ahmed |
| 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 | Ernst & Young Ford Rhodes Sidat Hyder & Co., Chartered Accountants |
| Benchmark | 6 month PKRV rates |
5 years performance
| Year | Fund (%) | Benchmark (%) |
|---|---|---|
| 2016 | 7.30 | 6.93 |
| 2015 | 16.58 | 10.41 |
| 2014 | 9.26 | 9.11 |
| 2013 | 12.30 | 11.00 |
| 2012 | 11.30 | 13.30 |