The Pakistan Credit Rating Agency Limited
10-Aug-18
Analyst
Shahzaib Khalid
shahzaib.khalid@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
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JS Capital Protected Fund V redeemed; PACRA withdraws rating
| Rating Type | Capital Protection | |
|
Current (10-Aug-18 ) |
Previous (06-Apr-17 ) |
|
| Action | Redeem | Maintain |
| Long Term | - | CP2+ |
| Short Term | - | - |
| Outlook | - | Stable |
| Rating Watch | - | - |
JS Capital Protected Fund V (JSCPFV), an open-end capital protected fund matured on 11th-July-2018. Consequently, The Pakistan Credit Rating Agency (PACRA) has withdrawn the capital protection rating of the fund due to redemption.
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About
the Entity
Incorporated in 1995, JS Investments Limited (JSIL) is a subsidiary of JS Bank Limited (JSBL) - 65% shareholding. With a branch network of more than 300 and an asset base of PKR 264bln (at end-Dec 16), JSBL is rated 'AA-' by PACRA. Currently, JSIL is managing ten open-end funds (at end-Mar 17) and two pension schemes with cumulative assets under management of PKR 13.3bln (at end-Mar17). JSIL also manages SMA portfolio of PKR 539mln at end-Mar 2017.
Mr. Hasnain Raza Nenseyi, the Chief Executive Officer, carries extensive experience of the mutual fund industry. Mr. Arsalan Asif Soomro, the Fund Manager, possess over 08 years’ experience in equity portfolio management and is currently serving as Head of Equity at JSIL. He is a qualified CFA and FRM.