04-04-2008, 06:16 PM
Dear,
This is the reason for which I advocate that being in one country, one should prefer to know what is happening around in the specific environment. However, asset management comapnies are working worldwide and it is not a Pakistan specific topic.
Please study "Non-Banking Finance Companies and Notified Entities Regulations, 2007" to know what asset management companies are and what they do. Hopefully you can download these regulations from SECP's website.
In brief, asset management company (AMC) is a management company of mutual funds (open ended or closed ended funds). In most of cases closed ended funds are listed (although it is not compulsory) and open ended funds are unlisted (even these could be listed as well but would not be traded). Closed ended fund units are traded and cannot be redeemed while the open ended fund units are not traded and could be redeemed on some redemption costs.
AMCs launch various funds (like income funds, equity funds, pension funds, cash funds etc), appoints trustees, and manage the investment portfolios and operations of such funds to safegaurd the interests of the unit-holders of such funds and to provide them anticipated returns on their investment in units of funds launched by it.
Hopefully it will provide you an initial insight.
Regards,
KAMRAN.
This is the reason for which I advocate that being in one country, one should prefer to know what is happening around in the specific environment. However, asset management comapnies are working worldwide and it is not a Pakistan specific topic.
Please study "Non-Banking Finance Companies and Notified Entities Regulations, 2007" to know what asset management companies are and what they do. Hopefully you can download these regulations from SECP's website.
In brief, asset management company (AMC) is a management company of mutual funds (open ended or closed ended funds). In most of cases closed ended funds are listed (although it is not compulsory) and open ended funds are unlisted (even these could be listed as well but would not be traded). Closed ended fund units are traded and cannot be redeemed while the open ended fund units are not traded and could be redeemed on some redemption costs.
AMCs launch various funds (like income funds, equity funds, pension funds, cash funds etc), appoints trustees, and manage the investment portfolios and operations of such funds to safegaurd the interests of the unit-holders of such funds and to provide them anticipated returns on their investment in units of funds launched by it.
Hopefully it will provide you an initial insight.
Regards,
KAMRAN.
