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Alfalah GHP Alpha fund earns return of 29. 6pc in benchmark KSE-100 in 3QY2017

The Securities & Exchange Commission of Pakistan is working well-organized to develop a modern and efficient corporate sector and the capital market in Pakistan. The Commission is making best measures to counter the issues in the fast growing capital market and presently it has developed a Capital Market Development Plan (CMDP) (2016-18) detailing the way forward for the Pakistan capital market. The plan is a roadmap for initiatives envisaged by SECP for development of the capital market in the near future. Mutual fund companies have been trying to achieve their targets but due to negative perception, which is rising day by day the overseas investors have preferred to stay away even as Pakistan’s benchmark index increased more than five-fold since the economic recession of 2007-2008.

Under this fast improvement of the capital markets and the robust growth in the mutual fund industry, the mutual fund company, Alfalah GHP Investment Management Limited (AGIML) is creating the clients’ value. AGIML offers investment solutions to cater to the requirements of all clients’ investment needs. AGIML’s product development attempt focuses on both the needs of its financiers, also the developments in the available asset classes in order to keep offering innovative solutions.

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AGIML is presently managing 11 funds namely; Equity Scheme, Asset Allocation Scheme, Aggressive Fixed Income Scheme, Money Market Scheme, Income Scheme, Islamic Income Scheme and Islamic Equity Scheme.

In present report of the company it has been calculated that during 3QFY2017, Alfalah GHP Alpha Fund (AGAF) earned a return of 29. 6 percent versus the benchmark (KSE-100) return of 27.45 percent during the corresponding period last year. During 3QFY2017, Alfalah GHP Islamic Stock Fund (AGISTF) earned a return of 25.96 percent while its benchmark earned a return of 23.6 percent during the corresponding period previous year.

During the period under review, Alfalah GHP Stock Fund (AGSF) earned a return of 29.6 versus the benchmark (KSE-100) return 27.45 percent during the same period last year. Furthermore, Alfalah GHP Value Fund (AGVF) outperformed its benchmark with a return of 26.6 percent during the period under review versus the benchmark return of 19.2 percent during the corresponding period previous year. During 3Q2017, Alfalah GHP Income Fund (AGIF) earned a return of 5.44 percent while the fund’s benchmark returned 6 percent. Moreover, Alfalah GHP Income Multiplier Fund generated a return of 5.8 percent during the period under review while the benchmark reached at 6.3 percent during the corresponding period previous year.

During 3Q2017, Alfalah GHP Sovereign Fund generated a return of 5.8 percent while the fund’s benchmark returned 5.7 percent during the same period. Alfalah GHP Islamic Income Fund during the period under review generated a return of 5.3 percent p.a. while the benchmark generated an average return of 3.4 percent p.a. During 3Q2017, Alfalah GHP Cash Fund (AGCF) generated a return of 7.2 percent while the benchmark of the fund generated 4.95 percent during the corresponding period last year. During the first quarter, Alfalah GHP Money Market Fund (AGMF) generated a return of 6.07 percent while the benchmark of the fund generated 4.9 percent during the same period last year.

During the period under review, Alfalah GHP prosperity planning fund — active plan generated a return of 17.05 percent against the benchmark which generated 18.0 percent.

Alfalah GHP prosperity planning fund — moderate plan generated a return of 11.6 percent against the benchmark which generated 12.8 percent. Alfalah GHP prosperity planning fund– conservative plan generated a return of 7.7 percent against the benchmark which generated 8.6 percent. Alfalah GHP Islamic prosperity planning fund- active allocation plan generated a return of 15.2 percent against the benchmark which generated 14.2 percent.

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Alfalah GHP Islamic prosperity planning fund — active allocation plan-II generated a return of 7.6 percent during the period under review against the benchmark which generated of 6.6 percent.

Alfalah GHP Islamic prosperity planning fund – balance allocation generated a return of 6.8 percent against the benchmark which generated 6.05 percent. Alfalah GHP pension fund — equity generated a since inception return of -3.01 percent. Alfalah GHP pension fund — debt generated a return of 4.4 percent. The management also mentioned in the report that Alfalah GHP pension fund-money market generated a return of 4.54 percent. Alfalah GHP Islamic pension fund-equity generated a return of 0.69 percent. Alfalah GHP Islamic pension fund — debt generated a since inception return of 3.06 percent while Alfalah GHP Islamic pension fund-money market also generated return of 3.14 percent.

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