Its investors received a year-on-year return of 18.22% in 2015. The second best-performing equity fund in 2015 was Alfalah GHP Stock Fund. It is managed by AKD Asset Management, which is a relatively small player in Pakistan’s asset management industry whose total assets under open-end funds amounted to Rs464.2 billion at the end of October. One of the 19 equity funds that were operational for the entirety of 2015, AKD Opportunity Fund had Rs1.3 billion assets under management at the end of November, according to its latest fund manager report.Ĭourt sends three AKD Securities' officials on five-day remand PHOTO: MOHAMMAD SAQIBĪKD Opportunity Fund was the best-performing equity fund last year, as it posted an annualised return of 19.72% in 2015.Īn equity fund is a kind of mutual fund that trades mainly in stocks to maximise returns for its retail and institutional clients.
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