Pakistan Credit Rating Agency Limited Assigns Star Rankings to Funds of Pak Oman Asset Management Company Limited

Lahore: PACRA has assigned following rankings to the following funds of Pak Oman Asset Management Company Limited based on performance review for the period ended June 30, 2011 (trailing 12 months for normal star rankings and trailing 36 months for long term star rankings).

The Mutual Fund Performance Ranking (Star Ranking) aims to distinguish funds based on their relative actual performance within a category of similar funds. In measuring performance, PACRA considers absolute monthly return and its variance measured through standard deviation.

The ranking is a pure quantitative measure based on historical returns of a fund relative to other funds, and does not take into account other factors including fund management capability of the asset manager and the quality of risk management systems, controls and processes. Hence, the rankings do not provide any assurance as to future returns of the fund.

 

Fund

Category

Star Ranking

ShortLong
TermTerm
Pak Oman Islamic Asset Allocation Fund                 Islamic Asset

(Formerly; Pak Oman Advantage Islamic Fund)    Allocation

5-
Pak Oman Advantage Asset Allocation Fund       Asset

(Formerly;  Pak Oman Advantage Stock Fund ) Allocation

3-

 

RANKING

SCALE

Superior
Good
Average
Below Average
Weak

 

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

PACRA comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate grading. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the securities market price or suitability for a particular investor.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town, Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com