Al Meezan also manages Pakistan's largest private
sector Equity Fund i.
Al Meezan has to its credit Pakistan's largest private
sector Equity Fund i.
Al Meezan also has to its credit Pakistan largest private
sector Equity Fund i.
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.
