KARACHI: Primus Investment Management Limited, a wholly owned subsidiary of Pak Brunei Investment Company, and the Central Depository Company have signed a trust deed for their third fund, Primus Investment Management Limited Strategic Multi Asset Fund (PIML SMAF).
Primus CEO Ahmed Ateeq, in a press briefing, stated SMAF will be an open-end balance scheme, designed under the Non-Banking Finance Companies and Notified Entities Regulations, 2008.
The objective of the fund is to ensure minimum equity risk when the market experiences a bearish trend, and maximum return with a concept of capital preservation, by investing in short-term government securities and cash and near-cash instruments.
He said the fund is specifically designed according to the needs of busy individuals who do not get the time to make strategic investments.
The fund will be offered directly to institutional, corporate, retirement funds and NGOs’ individual investors through a pre-IPO expected in mid-May.
Published in The Express Tribune, May 3rd, 2013.
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