JCR-VIS reaffirms fund stability rating of First Habib Cash Fund

News Image

By MG News | December 26, 2018 at 11:14 AM GMT+05:00

0:00

December 26, 2018 (MLN): JCR-VIS Credit Rating Company Limited has reaffirmed the fund stability rating (FSR) of First Habib Cash Fund (FHCF) at ‘AA (f)’ (Double A(f)).

FHCF is an open-end money market fund; in line with its categorization, exposure to various sources of risks has been maintained at low end of the risk spectrum, both by policy and actual asset allocation.

The fund is mandated to hold assets with minimum rating of ‘AA’ and its constitutive documents also limit Weighted Average Maturity (WAM) at 90 days. Moreover, the fund has largely remained compliant with WAM guidelines during the review period.

Actual asset allocation has remained conservative with average exposure in ‘AA’ and above rated investment avenues. FHCF’s unit holding features concentration, however given the liquidity profile of assets, ability to meet redemptions is considered sound.

Net assets showcased an upward trend closing in at 2.8b (FY17: Rs. 1.04b) at end-June 2018. Subsequent to year-end, fund size stood at Rs. 2.7b as at end-November 2018.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,668.10
163.28M
0.22%
297.96
ALLSHR 83,337.34
594.36M
0.31%
256.18
KSE30 40,761.19
61.52M
0.14%
55.89
KMI30 192,658.53
70.02M
0.04%
77.85
KMIALLSHR 55,909.14
355.16M
0.13%
73.43
BKTi 36,508.13
10.11M
0.53%
190.96
OGTi 28,517.62
7.10M
-0.09%
-25.34
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,715.00 108,880.00
107,680.00
260.00
0.24%
BRENT CRUDE 69.45 69.53
69.03
-0.13
-0.19%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.71 67.97
67.40
-0.22
-0.32%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 08, 2025 at 11:55 AM GMT+05:00

NBP leads Pakistan’s banks in shareholder value surge


July 08, 2025 at 11:39 AM GMT+05:00

Pakistan-Afghanistan railway talks progress


July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg