Karachi, Pakistan Capital Market Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 21, 2016.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 23,183.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Pakistan Capital Market Fund (A Balanced Fund) (referred to as PCM) is an open end balanced fund that invests in a range of asset classes such as equity and debt in Pakistani market.
The asset allocation to equities and debt is made on the basis of relative attractiveness of each asset class. The investment process is driven by fundamental research. For equities investment, fundamental outlook of sectors/companies and DCF (discounted cash flow) valuations are the primary factors in sectors’ allocation and stock selection. For debt investment, interest rate outlook is the key determining factor and allocation to this segment is increased when the yields are comparatively higher compare to the total returns on equities. Investment is made in corporate bonds (investment grade) and government bonds.
The symbol “OEFPCMF” is being used by the stock exchange for the Pakistan Capital Market Fund.