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BONUS DISTRIBUTION OF NBP FULLERTON ASSET MANAGEMENT LIMITED - NAFA.

NBP Fullerton Asset Management Limited informed Pakistan Stock Exchange that the Chief Executive Officer, under the authority granted by the Board of Directors, on January 20, 2017 has approved bonus distribution for the following funds: -

1- NAFA Islamic Principal Protected Fund - I

2- NAFA Islamic Principal Protected Fund - II

3- NAFA Islamic Principal Preservation Fund

Unit Holders as at the close of business on January 19, 2017 will be entitled to the distribution.

NAFA is a Non-Banking Finance Company with a license to perform Asset Management and Investment Advisory Services as per the NBFC Rules, 2003 and Pension Fund Management as per Voluntary Pension System Rules, 2005. The main sponsors of NAFA are National Bank of Pakistan and Fullerton Fund Management Group, Singapore, which in-turn is a wholly owned subsidiary of Temasek Holdings, Singapore. NAFA's main area of business is Investment Management; more specifically floating and managing mutual funds and pension funds, providing investment advisory, discretionary and non-discretionary portfolio management services. NAFA is presently managing 21 open ended mutual funds, 2 pension funds and several investment advisory portfolios with total assets under management of over Rs.92 Billion (As of January 24, 2017).

Based on proficient management team, sound quality of systems and processes, sponsors' strength, diverse product base and performance of funds under management, PACRA has given NAFA rating of AM2++ (High Investment Management Standards).

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Publication:Pakistan & Gulf Economist
Date:Feb 5, 2017
Words:267
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