MUFAPmufap.com.pk/pdf/mfs/2019/MFS-032019.pdfMUFAP Mutual Funds Association of Pakistan PKR 26,101...
Transcript of MUFAPmufap.com.pk/pdf/mfs/2019/MFS-032019.pdfMUFAP Mutual Funds Association of Pakistan PKR 26,101...
MUFAPMutual Funds Association of Pakistan
PKR 550,216 million PKR 139,691 million
Total assets as at March 2019 Highest assets in the Equity category as at March 2019
9.65 % Return on Aggressive Fixed Income PKR (12,450) million
Highest return for the month of March 2019 Total Net sales for the month of March 2019
Amid large swings and thin trading volumes, the benchmark KSE-100 Index closed the outgoing month with a decline of 405 points (1%) on a month-on-month basis.
The market looked past the positive developments such as increase in SBP’s reserves to double-digit after almost a year as the country received commercial loan from
China equivalent to USD 2.2 billion and USD 1 billion from the United Arab Emirate; and a massive drop in Current Account Deficit (CAD) for February that clocked
in at mere USD 356 million mainly due to a massive 20% MoM decline in imports. Instead, concerns on the economic growth and corporate profitability came to fore
as LSM for January 2019 witnessed a large 4.6% contraction on a YoY basis, taking 7MFY2019 decline to 2.3%. The SBP also revised down its economic growth projection
for FY19 to 3.5%-4% driven by slowing economic activity and dismal performance of the major crops. This slowing economic growth coupled with rising interest rates
and despite significant improvement, a still large current account deficit prompted investors to stay on the side lines. Adding to investors’ angst was the news
surrounding the simultaneous scrutiny done by the Financial Action Task Force (FATF) and its affiliate Asia Pacific Group (APG), calling Pakistan's case more complex,
while the country will have to submit another compliance report on terror financing. In line with the market expectation, the SBP in its bi-monthly monetary policy
on March 29, lifted the Policy Rate by 0.5% to 10.75% driven by continuing underlying inflationary pressures, elevated fiscal deficit, and high current account deficit.
Industry Size - Assets under Management
Category wise Unit Holder Pattern
Asset Allocation
Highlights
Overview
MONTHLY FACT SHEET - OPEN END FUNDS MARCH 31, 2019
38%4%
2%
4%1%
44%
1%
2%
0%
2%
6%
Cash Banks & DFIs
NBFCs Reverse Repos Against Govt Securities
Reverse Repos Against All other Securities TFCs
Government Backed/Guaranteed Securities Equities
PIBs TBILLs
Commercial Papers Spread Transactions
CFS/ Margin Financing Others Including Receivables
0%
0%
24%
9%6%
7%
3%
11%25%
1%
0%
0%1%
4%4%
2%0%1%0%0%0%0%
7%
Capital Protected Capital Protected - IncomeMoney Market IncomeShariah Compliant Income Shariah Compliant Fund of FundsShariah Compliant Fund of Funds - CPPI Shariah Compliant EquityEquity Aggressive Fixed IncomeIndex Tracker Shariah Compliant Index TrackerShariah Compliant Balanced Fund Shariah Compliant Money MarketShariah Compliant Asset Allocation Asset AllocationCommodities Balanced
0
50000
100000
150000
200000
250000
300000
Open EndMar'19
Open EndFeb'19
39%
11%
33%
10%
2%
5%
17%
Individuals
Banking and FIs
Others
Retirement funds
Porvident fund
Gratuity fund
Pension fund
Monthly Fact Sheet - March 2019 Page 1 of Pages 5
Category Mar'19 Feb'19
Money Market 9.56% 9.37%
Income 8.50% 9.35%
Equity -5.90% -6.69%
Capital Protected 0.43% 0.50%
Capital Protected - Income 10.11% 4.84%
Fund of Funds - CPPI 0.02% -0.28%
Aggressive Fixed Income 9.65% 7.76%
Balanced -0.85% -1.86%
Asset Allocation -0.38% -1.75%
Fund of Funds -0.22% -0.76%
Index Tracker -1.13% 0.00%
Shariah Compliant Money Market 9.08% 8.76%
Shariah Compliant Income 9.02% 7.94%
Shariah Compliant Equity -3.25% -3.20%
Shariah Compliant Capital Protected Fund -0.56% -0.72%
Shariah Compliant Fund of Funds - CPPI 0.20% -0.06%
Shariah Compliant Aggressive Fixed Income 9.10% 9.47%
Shariah Compliant Balanced Fund -1.38% -2.00%
Shariah Compliant Asset Allocation -1.30% -1.58%
Shariah Compliant Fund of Funds -1.08% -1.07%
Shariah Compliant Index Tracker -3.48% -4.10%
Shariah Compliant Commodities -0.66% -0.50%
* Based on weighted average return of industry
NOTE:
The information pertaining to this MFS for the month of March 2019 does not reflect the complete industry picture as it does not include data from
MCBAH, PakOman as the data was not received from them till the date of this publication.
Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.
Return (Monthly - %) *
Net Sales (PKR Millions)
28.60689641
-2104.131792
-439.9043334-104.5375906-434.0757498
-9714.850422
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
Individuals Banking andFIs
Porvidentfund
Gratuityfund
Pensionfund
Others
INVESTORS BREAKUP
-10476.18712
101.1802784
-1529.237653-741.2912644
364.054913
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
Direct sales Through RSP -Individuals
Through RSP -Coporates
Banks -Commercial /
Scheduled
Others
CHANNEL WISE
Monthly Fact Sheet - March 2019 Page 2 of Pages 5
MUFAPMutual Funds Association of Pakistan
PKR 26,101 million PKR 8,787 million
Total assets as at March 2019 Highest assets in the Shariah Equity sub fund category of funds as at March 2019
8.46 % Return on Money Market sub fund PKR 105 million
Highest return for the month of March 2019 Total Net sales for the month of March 2019
Amid large swings and thin trading volumes, the benchmark KSE-100 Index closed the outgoing month with a decline of 405 points (1%) on a month-on-month basis.
The market looked past the positive developments such as increase in SBP’s reserves to double-digit after almost a year as the country received commercial loan from
China equivalent to USD 2.2 billion and USD 1 billion from the United Arab Emirate; and a massive drop in Current Account Deficit (CAD) for February that clocked
in at mere USD 356 million mainly due to a massive 20% MoM decline in imports. Instead, concerns on the economic growth and corporate profitability came to fore
as LSM for January 2019 witnessed a large 4.6% contraction on a YoY basis, taking 7MFY2019 decline to 2.3%. The SBP also revised down its economic growth projection
for FY19 to 3.5%-4% driven by slowing economic activity and dismal performance of the major crops. This slowing economic growth coupled with rising interest rates
and despite significant improvement, a still large current account deficit prompted investors to stay on the side lines. Adding to investors’ angst was the news
surrounding the simultaneous scrutiny done by the Financial Action Task Force (FATF) and its affiliate Asia Pacific Group (APG), calling Pakistan's case more complex,
while the country will have to submit another compliance report on terror financing. In line with the market expectation, the SBP in its bi-monthly monetary policy
on March 29, lifted the Policy Rate by 0.5% to 10.75% driven by continuing underlying inflationary pressures, elevated fiscal deficit, and high current account deficit.
Asset Allocation
Industry Size - Assets under Management
Category wise Unit Holder Pattern
Highlights
Overview
MONTHLY FACT SHEET - PENSION FUNDSMARCH 31, 2019
28%
3% 3%
46%
1%5%
3% 2%
Cash Banks & DFIs
NBFCs Reverse Repos Against Govt Securities
Reverse Repos Against All other Securities TFCs
Government Backed/Guaranteed Securities Equities
PIBs TBILLs
Commercial Papers Spread Transactions
CFS/ Margin Financing Others Including Receivables
9%
15%
10%
0%
18%
34%
14%
0%
48%
General Pension FundDebt
General Pension FundEquity
General Pension FundMoney Market
General Pension FundCommodity
Islamic Pension FundsDebt
Islamic Pension FundsEquity
Islamic Pension FundsMoney Market
Islamic Pension FundsCommodity
0
2000
4000
6000
8000
10000
12000
14000
Pension FundMar'19
Pension FundFeb'19
92%
6% 2%0%
Individuals
Banking and FIs
Others
Retirement funds
Porvident fund
Gratuity fund
Pension fund
Monthly Fact Sheet - March 2019 Page 3 of Pages 5
Pension Funds Mar'19 Feb'19
General Pension Fund 17.93% 20.18%
Islamic Pension Fund 12.50% 12.01%
* Based on weighted average return of industry
NOTE:
The information pertaining to this MFS for the month of March 2019 does not reflect the complete industry picture as it does not include data from
MCBAH, PakOman as the data was not received from them till the date of this publication.
Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.
Return (Monthly - %) *
Net Sales (PKR Millions)
104.4946703
0 0 0 0 00
20
40
60
80
100
120
Individuals Banking andFIs
Porvidentfund
Gratuityfund
Pensionfund
Others
INVESTORS BREAKUP
75.12617847
57.94829525
1.63943802
-30.98132969
0.52418827
-40
-20
0
20
40
60
80
100
Direct sales Through RSP -Individuals
Through RSP -Coporates
Banks -Commercial /
Scheduled
Others
CHANNEL WISE
Monthly Fact Sheet - March 2019 Page 4 of Pages 5
MUFAPMutual Funds Association of Pakistan
PKR 1,386 million
Total assets as at March 2019
Amid large swings and thin trading volumes, the benchmark KSE-100 Index closed the outgoing month with a decline of 405 points (1%) on a month-on-month basis.
The market looked past the positive developments such as increase in SBP’s reserves to double-digit after almost a year as the country received commercial loan from
China equivalent to USD 2.2 billion and USD 1 billion from the United Arab Emirate; and a massive drop in Current Account Deficit (CAD) for February that clocked
in at mere USD 356 million mainly due to a massive 20% MoM decline in imports. Instead, concerns on the economic growth and corporate profitability came to fore
as LSM for January 2019 witnessed a large 4.6% contraction on a YoY basis, taking 7MFY2019 decline to 2.3%. The SBP also revised down its economic growth projection
for FY19 to 3.5%-4% driven by slowing economic activity and dismal performance of the major crops. This slowing economic growth coupled with rising interest rates
and despite significant improvement, a still large current account deficit prompted investors to stay on the side lines. Adding to investors’ angst was the news
surrounding the simultaneous scrutiny done by the Financial Action Task Force (FATF) and its affiliate Asia Pacific Group (APG), calling Pakistan's case more complex,
while the country will have to submit another compliance report on terror financing. In line with the market expectation, the SBP in its bi-monthly monetary policy
on March 29, lifted the Policy Rate by 0.5% to 10.75% driven by continuing underlying inflationary pressures, elevated fiscal deficit, and high current account deficit.
Asset Allocation
Category Mar'19
Equity -0.33%
* Based on weighted average return of industry
NOTE:
The information pertaining to this MFS for the month of March 2019 does not reflect the complete industry picture as it does not include data from
MCBAH, PakOman as the data was not received from them till the date of this publication.
Please note that the figures of investors breakup and channel wise breakup may vary due to different reporting mechanism by channels to AMC.
Return (Monthly - %) *
Highlights
Highest assets in the equity category of funds as at March 2019
Overview
Industry Size - Assets under Management
MONTHLY FACT SHEET - CLOSED END FUNDSMARCH 31, 2019
4%
96%
0%
0%0%
Cash Banks & DFIs
NBFCs Reverse Repos Against Govt Securities
Reverse Repos Against All other Securities TFCs
Government Backed/Guaranteed Securities Equities
PIBs TBILLs
Commercial Papers Spread Transactions
CFS/ Margin Financing Others Including Receivables
0
200
400
600
800
1000
1200
1400
1600
Close End Mar'19
Monthly Fact Sheet - March 2019 Page 5 of Pages 5