Pakistan Credit Rating Agency Limited maintains Asset Manager Rating of Atlas Asset Management Limited

Lahore, April 17, 2015 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Atlas Asset Management Limited (AAML) at “AM2-” (AM Two Minus). The rating reflects the company’s high investment management industry standards and benchmarks with noted strengths in several of the rating factors.

The rating reflects the company’s qualified and experienced management team, structured investment process, and sound quality of system and processes. It also recognizes the management’s concerted efforts towards fresh mobilization of AUMs – mainly in the non-retail segment – thereby augmenting its system share.

There is enhanced focus towards strengthening investment management platform, in turn, decision making process. The present management team has long association with the company though a well-structured succession process would benefit the company in the long run. The affiliation of AAML with an acknowledged business group – Atlas Group – lends support to the rating.

The rating is dependent upon the company’s ability to successfully execute its business strategy encompassing expansion in product slate while further diluting the AUM concentration and expanding the retail investor base. Moreover, improvement and consistency in superior funds’ performance remains important.

For more information, contact:
Hammad Rashid
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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