Stability rating of Pakistan Cash Management Fund maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the stability rating of Pakistan Cash Management Fund (PCF) at 'AAA (f) (Triple A- fund rating), an open-end money market fund. The fund's rating denotes an exceptionally strong capacity to maintain relative stability in returns and negligible exposure to risks.
The objective of the fund is to deliver regular income and high liquidity primarily from short duration government securities investments. Fund's robust credit quality and a strong liquidity profile emanates essentially from maintaining minimum exposure of 90 percent in Market Treasury Bills and short maturing reverse repo transactions with government paper as underlying security.-PR