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    FMR Nov 2010

    Uploaded by

    Salman Arshad
    Al Meezan has achieved another milestone of increasing assets under management to over Rs. 25 billion. Meezan Islamic Fund performed well in November, appreciating 7.71% to close at Rs. 44.29. Al Meezan had successful exhibitions in Karachi, Islamabad, and Lahore. At the end of November 2010, Al Meezan's total assets under management stood at Rs. 25.90 billion, with the largest funds being Meezan Islamic Fund at Rs. 4,302 million and Meezan Islamic Income Fund at Rs. 3,112 million.

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    FMR Nov 2010

    Uploaded by

    Salman Arshad
    31 views10 pages
    Al Meezan has achieved another milestone of increasing assets under management to over Rs. 25 billion. Meezan Islamic Fund performed well in November, appreciating 7.71% to close at Rs. 44.29. Al Meezan had successful exhibitions in Karachi, Islamabad, and Lahore. At the end of November 2010, Al Meezan's total assets under management stood at Rs. 25.90 billion, with the largest funds being Meezan Islamic Fund at Rs. 4,302 million and Meezan Islamic Income Fund at Rs. 3,112 million.

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    Report Nov 2010

    Original Title

    FMR_NOV_2010

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    Al Meezan has achieved another milestone of increasing assets under management to over Rs. 25 billion. Meezan Islamic Fund performed well in November, appreciating 7.71% to close at Rs. 44.29. Al Meezan had successful exhibitions in Karachi, Islamabad, and Lahore. At the end of November 2010, Al Meezan's total assets under management stood at Rs. 25.90 billion, with the largest funds being Meezan Islamic Fund at Rs. 4,302 million and Meezan Islamic Income Fund at Rs. 3,112 million.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views10 pages

    FMR Nov 2010

    Uploaded by

    Salman Arshad
    Al Meezan has achieved another milestone of increasing assets under management to over Rs. 25 billion. Meezan Islamic Fund performed well in November, appreciating 7.71% to close at Rs. 44.29. Al Meezan had successful exhibitions in Karachi, Islamabad, and Lahore. At the end of November 2010, Al Meezan's total assets under management stood at Rs. 25.90 billion, with the largest funds being Meezan Islamic Fund at Rs. 4,302 million and Meezan Islamic Income Fund at Rs. 3,112 million.

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    © All Rights Reserved
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    of 10

    MKT/FMR/05/11

    December 07, 2010

    Dear Investor,

    It is our pleasure to inform you that by the grace of Almighty Allah, Al Meezan has achieved another milestone of
    increasing assets under management to over Rs. 25 billion. In 2003 after the launch of first open end fund Meezan
    Islamic Fund, total assets under management of Al Meezan were over Rs. 1.2 billion. In 2007 we achieved landmark
    of assets under management of over Rs. 10 billion and the journey continued and finally we have been able to cross
    the mark of Rs. 25 billion. It makes Al Meezan one of the largest asset management companies in Pakistan. We
    acknowledge the fact that this achievement is the result of your confidence, trust and faith in us.

    During the last month the market witnessed positive trend and Meezan Islamic Fund (MIF), Pakistans largest open
    end equity fund in the private sector with 5-star rating also performed very well and its NAV appreciated by 7.71% to
    close the month of November at Rs. 44.29. We would recommend you to invest a certain percentage of your total
    investments in MIF to maximize return potential over the long term.

    We are pleased to inform you that we had overwhelming response from investors at Dawn Lifestyle exhibitions in
    Karachi, Islamabad and Lahore. We look forward to the same support from all our valued investors in the future events
    as well.

    At the end of November 2010, the net assets under management of Al Meezan stood at Rs. 25.90 billion. The net
    assets of the open end funds stood as follows:

    Meezan Islamic Fund (MIF) Rs. 4,302 million


    Meezan Islamic Income Fund (MIIF) Rs. 3,112 million
    Meezan Cash Fund (MCF) Rs. 6,687 million
    Meezan Sovereign Fund (MSF) Rs. 6,962 million

    We are thankful for your valuable support and continued patronage. We will continuously strive to provide the best
    Shariah compliant investment management services to all our investors. Fund Managers Report for the month of
    November 2010 is enclosed for your review and record.

    Yours truly,

    Muhammad Anas Rehan


    AVP Marketing

    Ground Floor, Block B, Finance & Trade Centre, Shahrah-e-Faisal, Karachi 74400, Pakistan.
    UAN: (92-21) 111-633-926 (111-MEEZAN) Fax: (92-21) 35630808, Toll Free: 0800 -HALAL (42525)
    E-mail: info@almeezangroup.com Web Site: www.almeezangroup.com
    11/05/FMR/MKT

    Ground Floor, Block B, Finance & Trade Centre, Shahrah-e-Faisal, Karachi 74400, Pakistan.
    UAN: (92-21) 111-633-926 (111-MEEZAN) Fax: (92-21) 35630808, Toll Free: 0800 -HALAL (42525)
    E-mail: info@almeezangroup.com Website: www.almeezangroup.com

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