Sector Equity Fund

Sector Equity Fund

A mutual fund or other fund that invests predominantly or exclusively in stocks in a single industry or sector. For example, a sector equity fund may invest only in energy companies, or, even more narrowly, only in natural gas companies. Sector equity funds perform well when their industries perform well, but they are risky because there is little attempt at diversification.
References in periodicals archive ?
Yapi Kredi Asset Management Foreign Technology Sector Equity Fund had the highest [L.sub.w] value and ranked first, followed by Finans Asset Management Turkey Large-Cap Banks (Equity Intensive) Exchange Traded Fund and is Asset Management BIST Bank Index Share Fund (Equity Intensive Fund).
We are also the category leaders as the largest managers of private sector equity fund - Meezan Islamic Fund and Pension fund - Meezan Tahaffuz Pension Fund currently with assets under management of over 43 billion rupees and 9 billion rupees respectively.
Also, Al Meezan has to its credit Pakistan's largest private sector Equity Fund i.e.
Al Meezan also manages Pakistan's largest private sector Equity Fund i.e.
Al Meezan also has to its credit Pakistan largest private sector Equity Fund i.e.
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 Rs27.6 billion (US$ 263.06 million) and Rs5.1 billion (US$ 48.50 million) respectively as of December 2015.
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 Rs27.4 billion (US$267.12 million) and Rs4.5 billion (US$43.87 million) respectively as of June 2015.
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.
Mixed-asset funds, other the other hand, weakened 0.7%, while sector equity funds declined 1.8%.
$10 billion also flowed to sector equity funds, with the Select Sector SPDR Energy ETF garnering $2 billion of net new cash.
Mixed-asset funds rose 4.57%, and sector equity funds gained 3.40%.