Guess Who got the Worst Investment Managers? Its’ Allied Bank Asset Management
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After commencing 2012 on a rising note as January and February recorded 19 % and 12% month-in-month (MoM) growth, , the size of the Pakistan’s mutual funds industry recorded a decline of 8 % month on month during March 12, settling at Rs33,000 Crore down from Rs 36,000 Crore a month-ago. 
The major fall causing overall industry decline was witnessed in the size of income funds and money market funds categories, which went down 16% MoM and 13 % MoM, respectively.
Based on asset manager’s AUM (Assets Under management) in March 2012, the major decline was witnessed in the size of ABL Asset Management Company’s AUM, which fell by an absolute amount of Rs 1800 Crore, down 28.3 percent MoM, followed by Askari Investment Management’s AUM descending by Rs 740 Crore, down 35.5 percent MoM and UBL Fund Managers’ AUM slipping by Rs 340 Crore.
Out of the industry’s total decline of Rs 3,000 Crore in March, almost Rs 28,900 Crore, which is 97% of the industry decline was contributed by these three Asset Management Companies in March. Excluding these, industry size showed a marginal decline of around Rs 980 million or 0.3% MoM in March.
The decline in industry size was not unusual and believed to be consistent with the ‘quarter-end factor’ when banks/financial institutions pullout or redeem their investments to shape-up their balance sheet and returns before the period end.
As far as category-wise performance is concerned, the size of the open-end funds rose 15% on quarterly basis in January to March, reaching Rs 30,700 Crore while that of the closed-end funds stood at Rs 2,300 Crore, showing an appreciation of 17% on quarterly basis.
In nine month of current financial year 2011-12 (Jul-Mar12), the industry now stood with a huge cumulative growth of 32%, as per statistics made available to EconomyAge.
With additional input from Mr Ali Ahmad
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And who are the best Fund managers?
Allied Bank is a Seek bank employee comes after clients in the morning all branches
hey why not write in millions and billions instead of crores ? Crores makes it more confusing.
It is a known trend that big corporate and financial institutions redeem their units on quarter and year end and book the sales again in the first week of the next month.
This is a fact which every single person knows about mutual fund. Returns should be the right parameter to decide which fund managers are good and which fund managers are worse.
As per gross returns all 3 fund managers are top performers in every category in the current year. We should also encourage the fact that these 3 investment companies are the fast growing AMC in the current fiscal year.
Very wrong perception created when i read the title of this post, the material inside is totally different. i think this is an achievement that they have successfully made these huge resumptions without hurting their returns.
[...] on one hand, Allied Asset Asset Management lost Rs 1,800 Crore only in March and tagged as the worst investment management company and on other Allied Bank’s results surprised analysts as they had forecast net profit to [...]
You should totally switch off your website for misquoting information. ABL AMC’s AUM remained well over Rs. 45Billion at the end of March 2012. Please verify the facts before publishing such information. Thanks.
You sounds like you’re working in ABL
D
ALLIED BANK growth rate is the highest one in banking industry and its also updating their technology rapidly. nice profits even after huge expenses. mutual funds is not the bank priority.
[...] Ahmad · Saturday, May 19, 2012 0 Comments Mutual fund industry which witnessed a massive redemption from investors in March is now back on its track with 14% month-on-month (MoM) growth and reaches [...]