Alfalah Investments and Azimut Group to launch overseas mutual fund

Alfalah Investment and Azimut Group are in the process of launching an overseas mutual fund, said an announcement here Wednesday. Domiciled in Luxembourg, the AZ-Alfalah Pakistan Fund was claimed to give global investors the unprecedented ability to invest in the Pakistan Stock Exchange and partake in one of the most exciting economic growth stories in the world.

The get fine-tuned the initiative, co-branded and co-managed by the two entities, Sergio Albarelli, Chief Executive Officer and Managing Director of Azimut Holding is currently in Pakistan.

During his inaugural visit, hosted by Alfalah Investments, Sergio Albarelli held meetings with senior management of State Bank and Pakistan Stock Exchange.

In a session, chaired by CEO of Alfalah investments, Maheen Rahman, to mark the formal commencement of the partnership by the two companies he outlined his company's long term commitment to Pakistan's capital markets and interest in bringing global financial services and global investors to the country.

Alfalah Investments CEO appreciated that Azimut has significant experience in developed and emerging markets and brings to the table a network of over 1700 financial partners, spread over 17 countries, with a client base of over 200,000 investors.

Alfalah Investments, one of the premier investment companies of Pakistan, she said has a proven track record in growth, distribution and fund management.

Former SBP Governor, Dr Ishrat Husain, PSX Chairman, Muneer Kamal, PSX CEO Richard Morin and Syed Ali Sultan, Director Alfalah Investments and Group Head Treasury, Capital Markets & Financial Institutions were also present on the occasion.