Mutual Funds View Point Stability Rating

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1 Mutual Funds View Point Stability Rating Table of Contents Assets Under Management Share Number of Funds MTBs and PIBs Money Review October 2018 Category AUs Number of funds share Stock Performance Deposits and und Flow Analysis

2 Assets Under Management (Amounts in PKR bln) Sep 18 Jun 18 Jun 17 Jun 16 Jun 15 Open-end Voluntary Pension Close-end Total Growth (%) Sep 18 Dec 17 Dec 16 Dec 15 Dec 14 Open-end Voluntary Pension Close-end Total Growth (%) 8.1 (4.3) Industry AUs Category Number of funds share Stock Performance Deposits and Fund Flow Analysis

3 AMC Share Rating (current) Share (Sep 18) (Sep 18) PKR mln Share (June 18) (Jun 18) PKR mln Share (Dec 17) (Dec 17) PKR mln 1. NBP Fund Management Limited AM1 16.4% 99, % 99, % 92, Al-Meezan Investment Management Limited AM1 15.1% 91, % 93, % 89, UBL Fund Managers Limited AM1 11.4% 69, % 68, % 61, National Investment Trust Limited AM % 82, % 87, % 85, MCB-Arif Habib Savings and Investments Limited AM % 49, % 48, % 46, ABL Asset Management Company Limited AM % 36, % 36, % 38, HBL Asset Management Limited AM % 60, % 41, % 38, Atlas Asset Management Limited AM2+ 4.9% 29, % 30, % 29, Alfalah GHP Investment Management Limited AM2+ 4.8% 30, % 25, % 25, Lakson Investments Limited AM2+ 2.3% 13, % 15, % 16, JS Investments Limited AM2 2.9% 17, % 14, % 12, AKD Investment Management Limited AM % 5, % 5, % 5, Pak Oman Asset Management Company Limited AM3+ 0.9% 5, % 5, % 6, Habib Asset Management Limited AM3+ 0.7% 4, % 4, % 3, AWT Investments Limited AM3+ 0.2% 1, % 2, % 1, Faysal Asset Management Limited AM3 1.3% 7, % 7, % 8, Investments Limited AM3 0.2% 1, % % BMA Asset Management Company Limited AM3 0.1% % % First Capital Investments Limited AM % % % 162 Total 100% 607, % 589, % 562,008

4 Number of Funds (as at Sep-18) Open-end VPS Close-end Number of Funds FY16-FY Jun-16 Jun-17 Jun-18

5 Number of Funds in Categories Category Sep 18 Jun 18 Dec 17 Jun 17 Dec 16 Income Aggressive Fixed Income Money Shariah Compliant Income Shariah Compliant Money Categories as a percentage of Total Industry Category Sep 18 Jun 18 Dec 17 Jun 17 Dec 16 Income 9% 10% 12% 12% 16% Aggressive Fixed Income 1% 1% 2% 2% 3% Money 22% 21% 17% 12% 11% Shariah Compliant Income 5% 5% 6% 5% 7% Shariah Compliant Money 1% 2% 2% 1% 1% Industry Category share Deposits and

6 Treasury Bills Auction Month Total Realized Amount (PKR bln) Total Outstanding Amount (PKR bln) Weighted Average Yield (%) 3-Month 6-Month 12-Month Monetary Policy Rate (%) Jan-18 2,713 4, Feb-18 1,374 4, Mar , Apr-18 3,374 5, May , Jun-18 1,370 5, Jul-18 3,533 5, Aug-18 1,032 4, Sep , No interest in 12-month and partial interest in 6-month T-bills High interest in 3-month T-bills due to anticipation of higher policy rates on account of rising current account deficit and higher inflation

7 Pakistan Investment Bonds Auction Settlement Month Total Outstanding Amount (PKR bln) Maturity Period Total Realized Amount (PKR bln) Coupon Rate (%) Weighted Average Yield (%) Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 3,851 3,851 3,324 3,360 3,394 3,413 2,987 3,076 3,081 3 years years years years years years years years years years years years years years years years years years years years years

8 Money Review month KIBOR (%) 6-month PKRV (%) Jul 17 Aug 17 Sep 17 Oct 17 Nov 17 Dec 17 Jan 18 Feb 18 Mar 18 Apr 18 May 18 Jun 18 July'18 Aug'18 Sep'18 6-month KIBOR (%) month PKRV (%) Industry Category Number of funds share Stock Performance

9 Bibliography Analysts Shahzaib Khalid Supervising Senior Masooma Zahid Associate Analyst

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