Lahore, October 20, 2021 (PPI-OT):Faysal Financial Sector Opportunity Fund (or the “Fund”) reflects the Fund’s moderate risk profile. The Fund had allocated ~79% of total assets in AAA rated banks as cash placements, while ~15% were placed in PIBs. The duration of the Fund remained at 4 days, at Jun’21. The Investment Policy of the fund allows it to invest in banks rated ‘AA-‘ and above. The Fund had a moderate level of top ten investors concentration at ~56%.

Going forward, the Fund intends to reduce its exposure with banks and invest the amount in government securities. Material changes in the fund’s asset allocation strategy, which could negatively impact the fund’s credit quality and exposure to interest rate risk, remains critical for the rating.

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