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Fund Manager's View On Economic Outlook - May 2021

Sarmaaya Desk
Sarmaaya Content Team
Mutual Funds:

A mutual fund is a form of financial vehicle that invests in securities such as stocks, bonds, money market instruments, and other assets by pooling money from multiple investors. Financial managers manage mutual funds, allocating assets and attempting to generate capital gains or income for the fund's investors. Mutual funds allow small or individual investors access to professionally managed portfolios of shares, bonds, and other instruments. As a result, each stakeholder shares in the fund's gains and losses proportionally. Mutual funds aggregate money from investors and use it to purchase other securities, most commonly stocks and bonds. The mutual fund company's worth is determined by the performance of the securities it purchases. As a result, when you purchase a mutual fund unit or share, you are purchasing the portfolio's performance or, more specifically, a portion of the portfolio's value. Investing in a mutual fund is not the same as investing in individual stocks. Unlike stock, mutual fund shares do not provide voting rights to their owners. Instead of a single holding, a mutual fund share represents investments in a variety of stocks (or other securities).

According to stats and the market following are the top five mutual funds: -
Fund Name Assets No. of Funds Market Future
National Investment Trust Limited 63,841 billion 15 Positive
ABL Asset Management Company Limited 29,281 billion 30 Positive
HBL Asset Management Limited 24,537 billion 30 Positive
JS Investments Limited 8,704 billion 24 Positive
Atlas Asset Management Limited 5,046 billion 19 Positive
Pakistan Mutual Funds this month:

National Investment Trust Limitedmutualfunds posted a return of 7.97% during May 2021 as against a benchmark return of 10.17% showing an underperformance of 2.20%. But due to an upcoming budget that is doom to trigger the growth, it is good to invest in this mutual fund. According to ABL Asset Management Company Limited, a tremendous turnaround was witnessed during May’21 on the inflation front, where monthly inflation clocked in at 0.10% as compared to 1.03% in the last month. The major contributors to that were the dropped liquefied hydrocarbons prices resulting in negative housing, water, electricity, and gas index.


HBL Asset Management Limited says: “The increase in the index was led by the Banking sector which contributed 767pts amid attractive valuations. The cement sector added 591pts due to the expectation of higher allocation to PSDP in the upcoming budget. E&P Sector rallied by 338pts as the government shelved its plan to divest OGDCL and PPL, whereas the OMC and Power sectors rallied by 285 and 160 points respectively due to upcoming circular debt payment.”

mutualfunds JS Investments Limited also has a say in this: “The KSE100 returned 8.2% during May 2021, rising 3,633 points to settle at 47,896 points. Commercial Banks were the largest contributors to the index at 767 points followed by Cements at 591 points, Oil & Gas Exploration at 337 points, and Oil & Gas Marketing at 272 points. The recovery in the market was broad-based and in part due to the fall in COVID cases across the country.”

mutualfunds For Atlas Asset Management Limited sectors that outperformed the benchmark KSE-100 index were Engineering, Oil & Gas Marketing Companies, Technology & Communication, Cement, Automobile Assembler, and Power Generation & Distribution yielding 18.0%, 14.3%, 14.0%, 12.3%, 10.7% and 9.7% returns, respectively. Oil & Gas Exploration Companies, Commercial Banks, Fertilizer, Textile, and Chemical sectors underperformed the benchmark index yielding 7.2%, 6.1%, 6.1%, 4.1%, and 3.7% returns, respectively.

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