'AA' rating assigned to AMF
Monday, 8 February 2010
KARACHI, Feb 7 (Business Recorder): The Pakistan Credit Rating Agency (Pacra) has assigned a stability rating of 'AA (f)' (Double A - fund rating) to Atlas Money Market Fund (AMF), an open-end money market fund. The fund's rating denotes a very strong capacity to manage relative stability in returns and low exposure to risks.
The primary investment objective of the fund is to provide investors with high and stable rate of current income by investing in a diversified portfolio of T-Bills, money market placements and deposits with scheduled banks, including investments outside Pakistan.
The primary investment objective of the fund is to provide investors with high and stable rate of current income by investing in a diversified portfolio of T-Bills, money market placements and deposits with scheduled banks, including investments outside Pakistan.