Karachi, AKD Cash Fundinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 23, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017.
Further, the company has declared the closed period from February 16, 2018 to February 23, 2018.
The Objective of AKD Cash Fund (AKDCF) is to provide optimum returns consistent with minimal risk from a portfolio constituted of high quality short term securities/instruments, which will provide liquidity. The fund will exclusively invest in highly secure (‘AA’ and above) short term debt instruments such that the weighted average maturity of its net assets will stay below 90 days.
AKD Investment Management Limited serves investors in Pakistan’s capital markets with diligence, integrity and professionalism, thereby delivering consistent superior returns and unparalleled customer service.
AKD Investment Management Limited (AKDIML) is the investment management firm under umbrella of AKD Group. AKD Investment was established in September 2004. The firm focuses on investment management, managing mutual funds and discretionary management of institutional portfolios.
The symbol “OEFAKDCF” is being used by the stock exchange for AKD Cash Fund.