PACRA MAINTAINS MUTUAL FUND RATING OF

UNIT TRUST OF PAKISTAN

 

Lahore: February 26, 2002

The Pakistan Credit Rating Agency (PACRA) has maintained the mutual fund rating of 'AA(f)' (double A) for Unit Trust of Pakistan (UTP). The rating denotes the ability of the Fund to consistently outperform its peers with strong capacity to respond to future opportunities or stress situations.

While maintaining the rating, PACRA has taken cognizance of the Fund management policies, in particular, the proven ability of management to capitalize the emerging opportunities in the market. Moreover, the high standing of the principal shareholders - Jahangir Siddiqui & Company Limited and AIM Global Venture Inc. - is a source of considerable comfort.