ARIF HABIB INVESTMENT MANAGEMENT LTD

S.M. ABBAS ZAIDI,
Research Analyst
, PAGE
Feb 09 - 15, 2009

Arif Habib Investment Management Ltd (AHIML) is an Asset Management Company managing both open and closed-end mutual funds. Arif Habib Investments manages about Rs. 9.770 bn in 11 mutual funds as of 31 Dec 2008. The company was conceived in the year 2000 and in the year 2004 received the 'Performance Excellence Award-2004' presented by The Mutual Funds Association of Pakistan (MUFAP). PACRA has assigned the current entity ratings of AHIML to A+ (Long Term) / A1 (Short Term) and Asset Manager Rating is AM2.

PAKISTAN STOCK MARKET FUND (PSM)

PSM is an open-end equity fund; investing in both growth and value stocks listed in Pakistan. The Fund seeks to achieve long-term capital appreciation primarily from growth stocks. PSM is an equity fund with investment allocation between growth and value stocks, the proportions are approximately 70/30 respectively.

PAKISTAN INTERNATIONAL ELEMENT ISLAMIC FUND (PIIF)

PIIF is an open-end equity fund, which is Shariah compliant and is able to invest in Pakistan capital markets as well as internationally markets. Bering is an Islamic equity fund, it shall invest only in Shariah compliant equity and debt (including foreign) securities.

PAKISTAN INCOME FUND (PIF)

PIF is an open-end fund, investing primarily in income producing debt securities. The Fund seeks relatively high fixed income returns. PIF invests in a range of fixed income securities including Government of Pakistan Bonds, corporate sector bonds (TFCs), Reverse-Repo transactions in the money market, CFS (Continuous Funding System) and spread transactions.

PAKISTAN CAPITAL MARKET FUND (PCM)

PCM is an open-end Fund, investing in a hybrid of equity, debt and money market securities. Allocation depends on the opportunities available within different asset classes. The Fund seeks the optimum absolute return from Pakistan's capital market.

METROBANK-PAKISTAN SOVEREIGN FUND (MSF)

MSF is an open-end mutual fund, which invests only in government securities, such as Pakistan Investment Bonds (PIBs) of various maturities. This is the only fund in Pakistan, which provides investors an opportunity to invest in an underlying portfolio of zero default risk securities. The existing portfolio of MSF consists of 5 and 10 years PIBs, with an average duration of the portfolio close to 5 years.

PAKISTAN PENSION FUND (PPF)

PPF constituted under the voluntary pension system Rules 2005 is a savings cum investment scheme with customized investment choices. The investor has a choice between various allocation schemes that PPF offers in the three sub funds i.e. Equity; Debt and Money market.

PAKISTAN ISLAMIC PENSION FUND (PIPF)

PIPF constituted under the voluntary pension system Rules 2005 is a savings cum investment scheme with customized investment choices in shariah compliant assets. The investor has a choice between various allocation schemes, that PIPF offers each of which is invested in different proportion in the three sub funds i.e. Equity; Debt and Money market under the Islamic rules.

PAKISTAN CASH MANAGEMENT FUND (PCF)

PCF is an open ended fund. The fund seeks to provide investors return with high level of liquidity coupled with extremely low credit and price volatility, thus enabling them to manage their surplus cash efficiently. PCF seek to derive its returns by investing in a portfolio of government securities (primarily T-Bills) and other short term debt instrument.

PAKISTAN INCOME ENHANCEMENT FUND (PIEF)

PIEF is an open ended fund. Objective of the fund is to provide investors an opportunity to earn a reasonable rate of return by taking exposure primarily in debt & fixed income products and also seek enhancement in return wherever possible, by taking limited exposure in Ready / Future transaction and structured products both within and outside Pakistan.

ARIF HABIB INVESTMENT MANAGEMENT LTD (PKR. MILLIONS)
FUND NAME

INCEPTION DATE

1Q09
Pakistan Stock Market Fund 11-Mar-02 2,127.33
Pakistan Int'l Element Islamic Fund 22-Apr-06 708.71
Pakistan Income Fund 11-Mar-02 5,838.54
Pakistan Capital Market Fund 24-Jan-04 644.56
MetroBank-Pakistan Sovereign Fund (Perpetual) 01-Mar-03 368.84
MetroBank-Pakistan Sovereign Fund (12-12) 01-Mar-03 0.69
Pakistan Cash Management Fund 19-Mar-08 147.92
Pakistan Income Enhancement Fund 28-Aug-08 674.66
Pakistan Premier Fund Limited 26-Dec-02 1,588.91
Pakistan Strategic Allocation Fund 25-Aug-04 2,255.57
Pakistan Capital Protected Fund-1 27-Jul-07 603.92
Pakistan Pension Fund-Equity 27-Jun-07 27.87
Pakistan Pension Fund-Debt 27-Jun-07 36.21
Pakistan Pension Fund-Money Market 27-Jun-07 34.22
Pakistan Islamic Pension Fund-Equity 02-Nov-07 23.86
Pakistan Islamic Pension Fund-Debt 02-Nov-07 32.47
Pakistan Islamic Pension Fund-Money Market 02-Nov-07 31.51
Subtotal   15,145.80
Source: MUFAP

PAKISTAN PREMIER FUND LIMITED (PPFL)

PPFL is a closed-end fund, mainly investing in both value and growth stocks in Pakistan. The shares of the Fund are traded on the stock exchanges and the Fund Manager does not have the responsibility to accept investments and redemptions. The Fund seeks to achieve long-term capital appreciation primarily through value stocks. The Fund invests mainly in equity and a small portion in debt securities such as TFCs and preference shares.

PAKISTAN STRATEGIC ALLOCATION FUND (PSAF)

PSAF is a closed-end scheme and its certificates are traded on the stock exchanges. The fund mainly invests in growth stocks with an added feature to benefit from market volatility. The fund seeks to achieve a long-term capital appreciation and current income.

PAKISTAN CAPITAL PROTECTED FUND-1 (PCPF-1)

PCPF-1 is a capital protected fund and has an objective to pay back investors their entire initial investment i.e. Rs. 10 per Certificate over the term of its life the in the form of dividend or return of capital on its termination. In addition, the Fund has an objective to maximize return linked to the international capital markets.

CONCLUSION

No doubt, Arif Habib Investments is an industry leader, setting international standards and bringing innovative products to market. This is one of the fastest growing asset management companies in the country and has received the KSE's Top 25 Companies Award for the past 6 consecutive years.