Lahore, August 16, 2023 (PPI-OT): During 3-year the overall market declined due to numerous economic challenges, delays in the resumption of the IMF programmed, a growing fiscal deficit, soaring inflation, and increase in the policy rate. PACRA ranked funds comprise of four funds among the universe of twenty-eight funds. The category average showed a positive return of 6.77%. While Golden Arrow Stock Fund is the top performing fund in the category showed a return of ~54.7% which performed significantly well from stock market return of 20.43%. Golden Arrow Stock Fund ranked 5 Star.
In the end Jun’23, Fund’s generate income by investing ~87.05% in equities whereas ~3.74% in cash. Sector wise Fund invested ~14.31% in Textile Spinning, ~14.24% in Investment Banks, ~9% in Tech and Com, ~6.58% in Refinery whereas, ~6.37% in Power Generation and Distribution and ~49.5% in others.
For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com