Karachi: Al Meezan Investment Management Limited (Al Meezan) is pleased to announce the launch of Meezan Asset Allocation Plan-II (MAAP-II), a unique asset allocation plan for investors who wish to benefit from the equity market and want an actively managed investment portfolio with diversification. The plan has an initial term of two years and is now open for subscription.
Mohammad Shoaib, CFA, CEO of Al Meezan, while announcing the launch of the plan said “Meezan Asset Allocation Plan-II (MAAP-II), the second in series of asset allocation plans is an ideal investment avenue for those who wish to earn the benefit of diversification while saving from the hassle of investing in multiple funds by offering them a complete investment portfolio in a single investment. Al Meezan is currently managing assets of over PKR 12.5 Billion in Fund of Fund and capital preservation schemes.”
He further added that “The objective of the Plan is to earn a potentially high return through asset allocation between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market Schemes. Our fund managers with their proven expertise will make best investment decision to optimize the returns for investors.”
Al Meezan managing investments since 1995, has one of the longest track records of 20 years in the private sector in Pakistan. With AM2+ Management Quality Rating, Al Meezan has the distinction of being the largest private sector Asset Management Company in Pakistan with total Assets Under Management (AUMs) of over Rs. 70.91 billion (as on October 30, 2015) in 12 different funds and an investor base of over 37,000 clients. Al Meezan also has to its credit Pakistan’s largest private sector Equity Fund i.e. Meezan Islamic Fund (MIF) and largest Voluntary Pension Fund i.e. Meezan Tahaffuz Pension Fund (MTPF), with AUMs of over Rs. 27.4 Billion and Rs. 4.9 Billion respectively (as on October 30, 2015).
Speaking on this occasion, Mr. Shoaib thanked both individual and institutional investors for their confidence and trust which enabled Al Meezan to achieve these distinctions. “We will Insha’Allah continue to work diligently to meet the demands of our investors and work towards our vision of making Shariah compliant investing first choice of investors” he added.