The Pakistan Credit Rating Agency Limited
Press Release
a

Rating Action
Lahore: (18-January-2007)
    PACRA Assigns 5-Star Fund Rating to Atlas Fund of Funds Based on Performance During FY06
 

 

Analysts
Moin Khalid
(+92-42-586 9504)
moin@pacra.com

Maimoon Rasheed
(+92-42-586 9504)
maimoon@pacra.com

Usman Khizer
(+92-42-586 9504)
ukhizer@pacra.com

 

 

 

 

 

Disclaimer
This press release is transmitted to you for this sole purpose of dissemination through your newspaper/magazine/agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to PACRA. However, PACRA has the sole right of distribution of its press releases for consideration or otherwise through any media.

  

The Pakistan Credit Rating Agency Limited (PACRA) has completed its review of the performance of funds of funds during FY06 and has assigned "5-Star" rating to Atlas Fund of Funds. The rating reflects a superior performance. A fund of fund is a fund that mainly invests in other funds with such investments forming at least around 50% of its net assets at all times.

The star ratings measure the performance of the funds not only on the returns given by these funds over the period of analysis (12 months of FY06) but also the risk – measured by variability in return over monthly periods. The rating of a fund is comparable only to ratings of other funds in the same category.

Rating Scale:

 
 
The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity.

PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings.

PACRA's opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.

 

    
edc 2009