JS Securities Limited – JS Research (15-11-2019)

Karachi, November 15, 2019 (PPI-OT): Mutual Funds update: Oct-2019

We discuss asset allocations of local mutual funds, both Islamic and Conventional, while using the 10 largest funds according to AUMs from each as samples. Exposures during Oct-2019 were relatively unchanged when compared to the previous few months for both conventional and Islamic categories; however there was a slight increase of 1% MoM in the latter. The real story during the month was a change in preference towards the Cement sector for mutual funds that turned buyers with US$5.93mn net buying in cements.

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