Al Meezan also manages Pakistan's largest private sector Equity Fund
Al Meezan has to its credit Pakistan's largest private sector Equity Fund
Al Meezan also has to its credit Pakistan largest private sector Equity Fund
The Fund was a spin-off from the Gabelli Equity Trust in November 1994 and as a sector equity fund
originally distributed any net investment income and net realized capital gains to shareholders on an annual basis.
Al Meezan has to its credit the industry's largest private sector equity fund
, Meezan Islamic Fund (MIF) along with the largest Voluntary Pension Fund (VPS) scheme with AUMs of Rs27.
was the #1 closed-end equity fund for the 10 years ended December 31, 2002 and the #1 closed-end sector equity fund
for the one year and five years ended December 31, 2002, based on NAV performance as ranked by Lipper, Inc.
Thus MIF, the largest private sector equity fund
in Pakistan with net assets of about Rs.
Separate from all that, sector equity funds
had inflows of $8 billion.
10 billion also flowed to sector equity funds
, with the Select Sector SPDR Energy ETF garnering $2 billion of net new cash.
NYSE: FF) (or the "Fund") announced that it received a Lipper Performance Achievement Certificate based on its #1 Rank in the Lipper Closed-End Equity Fund Performance Analysis for Sector Equity Funds
based on the ten-year period ending December 31, 2005.