Open End Mutual Funds Industry - Ad Oculos
- Assets under Management (AUMs) for the Open End Mutual Fund (OEF) Industry declined 1.6% MoM to PKR586bn as at Aug-18, with Money Market Fund Category being the key culprit (AUM’s dropped 4.0% MoM to PKR132bn.
- AUM’s for Conventional / Shariah Compliant Equity Funds stood at PKR151bn / PKR77bn as at the end of Aug-18. While the decline in Equity AUM’s was only marginal, their Liquidity Position decreased to PKR23.9bn (10% of AUMs) as at Aug-18, compared to PKR25.1bn (11% of AUMs) as at Jul-18.
- Looking at the stock wise exposure, Conventional Equity Funds were most concentrated in Pakistan Petroleum Limited (PPL), Oil & Gas Development Company (OGDC) and Habib Bank Limited (HBL) -- unchanged from last month.
- Within Shariah Compliant Equity Funds, OGDC, ENGRO and PPL continued to be the most common bets, in line with last month.
- KSE100/KSE30 indices came down by 2.3%/3.4% during Aug-18 while simple average return for Conventional Equity Funds stood at -1.7%.
- Similarly, Shariah Compliant Equity Funds returned an average of -0.7%, compared to a return of -2.1% posted by KMI30 during Aug-18.
- During the outgoing month, Mutual Funds bought shares worth USD1.4mn, trimming their net selling for 2MFY18 to USD40.9 (with selling concentrated in Cements and Fertilizer sectors).
Elixir Securities Pakistan is a Corporate Member of the Pakistan Stock Exchange & Pakistan Mercantile Exchange and is one of the leading securities brokerage & investment banking firms in Pakistan, established since 1994. Our principal business activities include all aspects of Pakistan’s Capital Markets covering Securities Brokerage (Equities, Fixed Income and Commodities), Corporate Finance & Capital Markets Advisory (M&A, ECM, DCM) and Investment Research (Economics & Securities). We are one of the most active & aggressive Broker-Dealers in Pakistan executing trades for most of the Top 20 Global Brokers with unmatched corporate access credentials and have successfully advised and closed on some landmark ECM transactions in the history of Pakistan including the largest deal in frontier Asia (USD 1.02 billion). Our Clients include foreign and domestic financial institutions (Banks, Asset Managers, Insurance Companies, Pension Funds) corporates, HNWI’s and retail investors. This is supported by a very strong and independent research capability, which is quoted regularly in both local and international media.
Elixir Securities Pakistan is the proud recipient of many awards & recognitions including AsiaMoney’s Brokers Poll 2017, FinanceAsia’s Pakistan Best Investment Bank and Best Broker 2017, The Asset’s Best Brokerage House in Pakistan 2016, Asiamoney’s “Best Domestic Equity House 2015 in Pakistan”, The Asset Triple A Country Awards 2015 - Pakistan “Deal of the Year” and “Deal of the Year-Highly Commended”, CFA Society of Pakistan Awards for Year 2015 “Best Research Analyst (1st Rank), CFA Society of Pakistan Awards for Year 2014 “Best Research Analyst (1st Rank)”, “Best Trader” 2nd Runner-up (3rd Rank), The Asset Triple A Country Awards 2014’s “Best Deal in Pakistan” and Capital Finance International’s nomination for “Best Equity Research in Pakistan 2010”.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.