PACRA Maintains Asset Manager Ratings of National Investment Trust Limited

Lahore, December 08, 2017 (PPI-OT):The rating reflects the company’s established position as the oldest and a key player in the domestic asset management industry. The rating incorporates NITL’s leading position with regards to retail penetration owing to its long operational history and sizeable outreach; in turn enhancing sustainability to its business profile. The company’s exceptional financial profile enhances its positioning in the competitive landscape with regards to its capacity to bring sophistication in its business philosophy and operating infrastructure. NIT’s sustained focus on enhancing the relative size of non-equity funds benefitted AMC in diversification of AUMs base among various asset classes.

This diversification of fund slate, along with the management’s plan to further augment it, bodes well in its positioning in competitive landscape. The company’s experienced management team, a well-structured investment process along with recent improvements in investment risk management function adds value to the overall decision making process. The management is eyeing to introduce technological overhaul aimed to achieve cost efficiencies and strengthening the compliance function. With significant size, the performance of NIT’s leading fund has been average.

The rating is dependent on management’s ability to hold its position in the increasingly challenging asset management industry. Herein, diversity to its AUM mix, upholding existing organization structure along with retention of key human resource, customer outreach through alternative channels remain imperative for NIT. Meanwhile, consistency in fund performance remains crucial.

For more information, contact:
Analyst
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
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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