Askari High Yield Scheme
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Investment Objective :
The objective of the Fund is to provide investors an opportunity to make competitive returns from fixed income securities while targeting a portfolio duration of six months. In addition to accruing benefits from fixed income securities, the Fund would target capitalizing on yield enhancing opportunities available in the market using its proprietary investment efficiency tools. The Fund would aim to achieve top quartile performance in its category.

Strategy :
The Fund would AIM to achieve top quartile performance in its category over a horizon of 6 months by shifting between approved asset classes and maximize the return without negotiating on the credit quality.

Why Invest in this Fund :
  • AHYS is ideal for investors looking for higher income with an investment horizon of 6 months and above.
  • AHYS is ideal for investors seeking an active fixed income asset allocation comprising of exposure to corporate and sovereign debt by using market price volatility to its advantage.
  • AHYS is managed by investment professionals with an unmatched track record of outperformance in managing fixed income funds.
  • AHYS is suitable for fixed income investors that have an appetite for short term volatility.
 

 
 
 


Mr. Mustafa Kamal
Fund Manager
Askari High Yield Scheme


Mustafa Kamal has over nine years of diversified experience of money markets. He has been associated with the mutual fund industry since past 4 years and has worked at NAFA as an Assistant Fund Manager Fixed Income before joining Askari Investment Management. He is currently managing the fixed income investments for AIM including Askari High Yield Scheme (Formerly: Askari Income Fund).
 


 Investment Committee Members:

Saqib Mukhtar   CEO
Mustafa Kamal   CIO / COO
Mustafa Iqbal   Head of Research
Adeel Shahid   CFO (Acting)
Sumaira Shoukat   Deputy Manager - Fixed Income

Minimum Investment   5,000.00
Sales Load   Up to 2.0% Front End
Up to 1.0% Back End
Management Fee   1.5%
Fund Stability Rating   A by JCR-VIS
Management Co,Rating   AM3+ (Stable Outlook) by JCR-VIS
Pricing Mechanism   Forward
Bench Mark   Average 6 month KIBOR
Dealing day and cutoff times   Monday-Friday 9:00am to 4:30pm
     

Fund type   Open-End
Category   Aggressive Fixed Income Scheme
Fund Launch Date   March 16th , 2006
Risk   Moderate
Registrar    
Trustee   Central Depositary Company of Pakistan Ltd. (CDC)
Auditors   KPMG Taseer Hadi & Co.
 
 
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