Pakistan Credit Rating Agency (PACRA) on Friday, maintained the Asset Manager Rating of AKD Investment Management Limited.
A rating of ‘AM3++’ has been maintained for the company, with a ‘stable’ outlook forecasted.
According to the rating agency, the given rating emanates from the company’s sound investment management process, reasonably experienced management team, and improving operating platform.
“The company's association experienced management team, along with the strengthening of the investment risk management function adds value to the overall decision-making process. The rating reflects the company’s strong capacity to manage the risks inherent in asset management. The company has a resourceful human resource base in order to strengthen the organizational structure and enhance the quality of processes. The focused strategy and diversification of fund slate along with the management's plan to further augment it, bodes well in strengthening the company’s profile, “ says a press release issued by PACRA.
The rating agency also put some light on its concerns, stating that the rating requires the company to raise its market positioning while achieving diversity in investor as well as the overall asset base.
“The rating is dependent upon the company's ability to successfully execute its business strategy encompassing enhancement in system share and retail penetration.”
