PACRA Maintains Asset Manager Rating of Habib Asset Management Limited

Lahore, December 22, 2017 (PPI-OT):The rating reflects that the company meets good investment management standards and benchmarks. The rating captures the company’s qualified management team and adequately structured Investment process. The rating incorporates HAML’s association with a strong commercial bank – Bank AL-Habib Limited. However, the desired benefits out of this association towards enhancing the AUM base and strengthening the HAML’s brand value remains limited. The company plans to expands in competitive landscape of the industry through new funds, allowing to build its stagnant system share.

The performance of the funds was average compared to the peers hence highlighting the need to strengthen the decision making process. The company’s funds currently have significantly high concentration levels. The company has hired senior resource to streamline its operations function to provide synergies emanating from smooth functioning of relevant departments. The rating is dependent upon company’s ability to nurture requisite human resource, while continuously improving systems and processes. Developing an effective marketing strategy to bring expansion in its AUMs would remain critical.

For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425

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