PACRA Maintains Asset Manager Rating of MCB-Arif Habib Savings and Investments Limited

October 09, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of MCB-Arif Habib Savings and Investments Limited at ‘AM2++’. The outlook forecasted for the company is ‘positive’.

According to the rating agency, the rating takes strength from the company’s association with two prominent business conglomerates of Pakistan, Nishat and Arif Habib Groups.

The rating is duly supplemented by its established brand name, sponsors distribution network, experienced management team, successful track record and diverse product slate.

It also reflects company’s strong performance in terms of returns and growth in its AUMs, which outpaced the benchmark in FY18.

Furthermore, the rating is dependent on the company's ability to sustain its market standing. Increasing overall market share (AUMs), stability of the key human resource and consistent fund performance is important for the rating.

The report suggests that the company has relatively superior diversity in terms of investors’ profile and witnessed a significant growth in its SMA portfolio in FY18.

The company has set high standards in establishing digital platforms leading to better customer service and strengthening the operating platform in terms of marketing, distribution, risk management and fund management, it added.

“The company's well-structured investment process along with diligent investment risk management function adds value to the overall decision making process,” the press release further added.

MCB Arif Habib Savings and Investments Limited (MCBAH), incorporated in August 2000 and listed on the Karachi Stock Exchange, is a major player in the mutual fund industry of Pakistan.

In Jun11, MCB Asset Management Company was merged into Arif Habib Investments. The objective was to achieve synergies in asset management business and access a wider distribution network.

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