Press Release

JCR-VIS Assigns Star Rankings to Open-End Stock Funds
 

Karachi, October 13, 2016: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assessed the fund performance rankings of open-end stock funds for the one, three and five year periods ended June 30, 2016. This peer group includes only those funds having size of more than Rupees one billion as of June 30, 2016. 3-year and 5-year rankings are based on weighted average performance over the performance horizon and only include those funds which have completed the full term. Following are the star rankings for period end June 30, 2016:

CATEGORY: OPEN-END STOCK FUNDS > Rs. 1b in SIZE
PERFORMANCE PERIOD: 1, 3 & 5 YEARS

Askari Equity Fund
1-year ranking: MFR 1-Star (Previous - December 31, 2015: MFR 3-Star)
3-year ranking: MFR 1-Star (Previous - December 31, 2015: MFR 3-Star)

HBL Stock Fund
1-year ranking: MFR 1-Star (Previous - December 31, 2015: MFR 1-Star)
3-year ranking: MFR 1-Star (Previous - December 31, 2015: MFR 1-Star)
5-year ranking: MFR 1-Star (Previous - December 31, 2015: MFR 1-Star)


The above peer group also includes the following funds:
ABL Stock Fund, AKD Opportunity Fund, Alfalah GHP Stock Fund (Formerly: IGI Stock Fund), Atlas Stock Market Fund, JS Growth Fund, JS Large Cap Fund, Lakson Equity Fund, MCB Pakistan Stock Market Fund (Formerly: Pakistan Stock Market Fund), NAFA Stock Fund, National Investment Unit Trust, UBL Stock Advantage Fund.

JCR-VIS star rankings present only comparative performance within a peer group based on historical risk adjusted returns and do not provide assurance of future returns.

For further information on this ranking announcement, please contact Mr. M. Bilal Aftab (Ext: 220) at 35311861-71 or fax to 35311872-3.


Javed Aslam Callea
Advisor

Applicable Criteria: Methodology Update: Explaining The Stars (December 2013) ­­­

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Information herein was obtained from sources believed to be accurate and reliable; however, JCR-VIS Credit Rating Company Limited (JCR-VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. JCR-VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. JCR-VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings. JCR-VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2016 JCR-VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to JCR-VIS.

JCR-VIS Credit Rating Company Limited