3nov 2011 meezan portfolio investmnttttt

8/3/2019 3nov 2011 Meezan Portfolio Investmnttttt

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PORTFOLIO MANAGEMENT



Maliha M. Nadeem Saman Nazim Askari Javeria Musani

Amna Meeraj

COURSE INSTRUCTOR

Miss Sobia Sheikh



INTRODUCTION OFCOMPANY

•Meezan Investment Management Limited (Al Meezan) is the largest Shariah

compliant asset management company in Pakistan with over 15 years of trackrecord of managing investments.•Incorporated on 27th February 1995, with a joint venture of Meezan Bank(MBL) and Pak Kuwait Investment Company (PKIC), dedicated to providingShariah compliant investment solutions.•We specialize in investment management, specifically developing, floating

and managing both open and closed end mutual funds, investment advisoryand the discretionary management of institutional as well as high net worthindividuals (HNW) portfolios.•We are registered with Securities and Exchange Commission of Pakistan(SECP) and are regulated under the Non-Banking Finance Companies(NBFC) Rules 2003 and NBFC Entities Regulations 2007.



Stock Market Review

During the month of August, 2011 KSE-100 index was down by 9.2% to close atthe level of 11,071. Global economic concerns and foreign selling were the mainfactors that kept market depressed. This combined with the shorter working hoursin Ramadan resulted in average daily volumes further contracting by 31% MoM to41 million shares.



Money Market Review

During the month, money market remained highly illiquid. To normalize theliquidity situation, SBP regularly conducted OMOs and injected Rs 640 billion at aweighted average yield of 13.18%. Banks also borrowed Rs 203 billion from StateBank through discounting window while it deposited around Rs 61 billion at floorrate.



Fund

type

OpenEnd,

Equity

Risk

Level

High

Launchdate

8-Aug-03

Rating 5 Stars

Meezan Islamic Fund (MIF) is notonly the largest Shariahcompliant equity fund but alsothe largest Equity Fund in private

sector in Pakistan. It is first openend mutual fund of meezan bank.

•Risk Diversification.•Cost Efficiencies.• Healthy Return.

•Affordability.



ASSET ALLOCATIONEquity(%)

Cash(%)

Other

Receivable(%)

Expense Ratio*

P/E



-50%

0%

50%

100%

150%

200%

250%

300%

1 Month 1Year PSD

PERFORMANCE

MIF

Benchmark*



•Provide current income.•Suitable investment.

Fund

type

Open End,

Equity

Risk

Level

High

Launch

date

13-JULY-

1995

A Mutual Fund is a collective investmentscheme that pools the savings of a numberof investors who share a common financialgoal.



90.07

27.25

-17.32

0.005

Asset Allocation

Equity(%)

Cash(%)

Other

receivables(%)

Expense Ratio



-200%

0%

200%400%

600%

800%

1000%

1 Month 1 Year PSD

PERFORMANCE

AMMF

Benchmark



If you are looking for a cash managementsolution for short term liquidity, Meezan CashFund (MCF) is the ideal product for it.

•Maximum preservation.•Exposure

•Flexibility .•Tax free returns.

Fund

type

OpenEnd

Risk

Level

Minimal.

maturity

period

33.15 days.

Stability

Rating

AA



JUL’11 AUG’11 Placements with Banks and DFIs 30% 27.6%

Commercial Paper 4% 8.1% Cash 63% 62.8% Other Including receivables 3% 1.5%

ASSET ALLOCATION:

27.60%

1.50%

8.10%

62.80%

Asset Allocation

Placements With

Banks & DFIs

Cash

Commercial

Paper

Others Including

Receivables



0.00%

5.00%

10.00%

15.00%

1 Month 1 Year PSD

PERFORMANCE

MCF

Benchmark



Its objective is to provide maximum possiblepreservation of capital along-with Halal andreasonable returns .

• Preservation.•Investments.•Flexibility.•Tax free returns

Fund

type

OpenEnd

Risk

Level

Minimal.

Maturityperiod

1.60 years

Stability

Rating

AA+



4%

26%

70%

Asset Allocation

Other Including

Receivables

Cash

Government

Gauranteed



0.00%

5.00%

10.00%

15.00%

1 month 1 Yr PSD

PERFORMANCE

MCF

Bench Mark



Meezan Capital Protected Fund-II (MCPF-II), thesecond series of Shariah compliant CapitalProtected Funds. MCPF-II offers the best

investment solution to investors offering safetyof capital while having access to the stockmarket.

• Riba free returns.•Minimum Investment.•Tax exempted.

Fund

type

Open End

Risk

Level

Minimal.

maturity

period

3.60 years

Launch

date

5-July- 2011.



29.1%

57.5%

13.4%

Asset Allocation

Cash

GoPgauranteed

securities

Equity



Meezan Tahaffuz Pension Fund (MTPF),which is a saving mechanism where anindividual saves from his/her incomeduring work life in order to retainfinancial security and comfort in termsof regular income stream afterretirement.•Dual tax benefits.•Retirement age.•Withdrawal of funds before retirement.•In case of death before retirement.•

Portability.

Fund

type

Open End

Risk

Level

Minimal.

Launch

date

28-June

2007



5%17%

5%

73%

MTPF Debt Sub Fund

Other Including

Receivables

Cash

Sukuks

4%

47%

1%

48%

MTPF Money Market

Other Including

ReceivablesCash

Sukuk



The objective of Meezan Balanced Fund is togenerate long term capital appreciation aswell as current income by creating a balancedportfolio that is invested both in high quality

equity securities and Islamic IncomeInstruments such as TFCs, Certificates ofMusharika.•Equity-debt allocation.• Market conditions.• Safe, secure and stable income.

• Diversify risk.

Fundtype

Close End

Risk

Level

Minimal.

Launch

date

20-Dec

2004



JUL’11 AUG’11

Equity 49% 46% GoP Guaranteed Securities 16% 15% Sukuk 6% 6% Commercial Papers 11% 18% Cash 19% 15%

SECTOR ALLOCATION:

6%46%

15%18%

15%

Sector AllocationAugust'11

Sukuk

Equity

GoP Gauranteed

Securities

Commercial

Papers

Cash

3nov 2011 meezan portfolio investmnttttt

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