The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of JS Investments Limited (JSIL) at’AM2+’. This is the highest rating among all asset management companies in Pakistan.
The rating reflects JSIL’s leading position in the asset management industry as reflected by the size and diversity of its asset under management (AUM), successful track record, relatively superior systems and processes, qualified and experienced management and association with the leading JS Group.
The performance and liquidity profile of the company’s funds, mainly income funds, have remained strong during the current crisis. Although current challenges in the operating environment have impeded growth prospects for the overall asset management industry, the company, on the back of its robust business strategy, including strategic partnerships with strong banks in Pakistan, is better placed to face these challenges.
