Lahore, March 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of National Investment Trust Limited (NIT) at ‘AM2’ (AM Two). The rating reflects the company’s high investment management industry standards and benchmarks with noted strengths in several of the rating factors.
The rating reflects the company’s position as the largest and the oldest player in the domestic asset management industry. NIT’s long operational history, extensive outreach and sizeable penetration in the retail segment lend support to its business profile and, in turn, its rating. Moreover, NIT’s exceptional financial profile provides it with the capacity to bring further sophistication in its business philosophy and operating infrastructure.
Recent diversification of fund slate alongwith the management’s plan to further augment it, bodes well in strengthening NITL’s profile among its peers. The company’s experienced management team, a well structured investment process alongwith the strengthening of the investment risk management function adds value to the overall decision making process. With significant size, the performance of NIT’s leading fund has been good.
The rating would benefit from the company’s strategy of expanding the fund slate resulting in diversification of AUM base among various asset classes. Moreover, upholding existing organization structure along with retention of key human resource remains imperative for NIT. Meanwhile, diversity in income stream and consistency in superior fund performance remains crucial.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425