Karachi, NBP Fund Management Limited informed Pakistan Stock Exchange that the Company has authorized Chief Executive Officer to consider and approve interim distribution out of profits earned by NBP Pakistan Growth Exchange Traded Fund (the Fund), if any.
NBP Fund Management Limited (NBP Funds) is one of the leading Asset Management Company (AMC) of Pakistan, managing over 15,600 Crores of investors’ savings in various investment solutions. The main sponsors of the company are National Bank of Pakistan (NBP) and Baltoro Growth Fund.
The company has been awarded the highest achievable investment management rating of AM1 (Very High Quality,) by PACRA. This rating is based on the company’s professional management team, the sound quality of systems and processes, sponsors’ strength and performance of funds under management.