Lahore: PACRA has assigned rankings to the following funds of Dawood Capital Management Limited based on performance review for the period ended June 30, 2011 (trailing 12 months for normal star rankings and trailing 36 months for long term star rankings).
|Short Term Long Term|
|1 Dawood Islamic Fund||Islamic Asset Allocation||2||3|
|2 First Dawood Mutual Fund||Balanced Fund (Closed End)||2||2|
The Mutual Fund Performance Ranking (Star Ranking) aims to distinguish funds based on their relative actual performance within a category of similar funds. In measuring performance PACRA considers absolute monthly return and its variance measured through standard deviation.
The ranking is a pure quantitative measure based on historical returns of a fund relative to other funds and does not take into account any other factor including fund management capability of the asset manager and the quality of risk management and other systems and processes. Hence, the rankings do not provide any assurance as to future returns of the fund.
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