The document provides a performance report for Shariah Compliant Mutual Funds for the month of August 2020. It highlights that the total assets under management for Shariah Compliant Mutual Funds grew by 5.78% during the month to PKR 371.528 billion. It provides details on the top performing funds for the month in different categories and the top equity holdings across different Shariah Compliant equity funds. It also provides 1 year, 6 month and 3 month returns for different funds in the Shariah Compliant Money Market, Equity and Income categories.
This report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for November 2020. The key findings are:
1) Jordanian investors were net buyers with a positive investment of JD 4.775 million, while regional investors were net sellers with a negative investment of JD 1.388 million and international investors were also net sellers with a negative investment of JD 3.387 million.
2) Jordanian investors make up the majority of ASE ownership with 51.98% of the total market capitalization, followed by regional investors with 31.44%
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for July 2020. It finds that Jordanian investors were the most active and had a net positive investment of JD 6.824 million, while regional investors had a net negative investment of JD 1.652 million and international investors had a net negative investment of JD 5.171 million. Jordanians make up the largest ownership in the ASE at 52.85% of total market capitalization. The banking and services sectors had the largest trading activity and values.
The report analyzes investment patterns on the Amman Stock Exchange (ASE) in February 2020. Local Jordanian investors had the most positive investment at 27 million JD, while regional investors had a negative investment of 7.7 million JD and international investors had an overwhelmingly negative investment of 19.4 million JD. Overall, Jordanian investors make up over half of ASE ownership and trading activity, followed by regional and international investors. The banking, services, and industry sectors saw overall positive local investment.
This monthly report from Ahli Treasury, Investments & Financial Institutions Group summarizes investment patterns and trends on the Amman Stock Exchange (ASE) in January 2021. Local Jordanian investors were the most active and had a net positive investment of JD 1.733 million, while regional investors had a smaller net positive of JD 172,846. International investors had a net negative investment of JD 1.906 million. Overall, local Jordanian ownership makes up 52.44% of ASE total market capitalization, while regional and international investors own 31.05% and 16.50%, respectively. The banking, services, and industry sectors saw net positive local investment, while the insurance sector had a small net negative local investment.
The document analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for October 2020. It finds that local Jordanian investors were net sellers of ASE shares, while regional investors from surrounding countries were net buyers. International Western investors were also net sellers. Overall, Jordanian investors make up over half of ASE ownership and trading activity. The top sectors by nationality are banking, services and industry. [END SUMMARY]
The report analyzes investment patterns in the Amman Stock Exchange (ASE) in August 2020. Local Jordanian investors were the most active and had a net positive investment of JD 2.941 million, while regional investors had a net positive of JD 961 thousand. International investors had a net negative investment of JD 3.903 million. Overall, local investors make up 52.95% of ASE ownership and were net buyers, while regional and international investors hold 32.44% and 14.61% respectively. The banking, services, and industry sectors saw net buying from local investors. [END SUMMARY]
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for the month of March 2020. Local Jordanian investors had a net positive investment of JD 4.727 million in ASE shares, while regional investors had a small positive investment and international investors had a large negative investment of JD 5.052 million. By sector, the largest activity was in banking, services, and industry. The top three nationalities by market share were Jordanian at 52.52%, regional investors at 32.68%, and international investors at 14.80%.
This report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for November 2020. The key findings are:
1) Jordanian investors were net buyers with a positive investment of JD 4.775 million, while regional investors were net sellers with a negative investment of JD 1.388 million and international investors were also net sellers with a negative investment of JD 3.387 million.
2) Jordanian investors make up the majority of ASE ownership with 51.98% of the total market capitalization, followed by regional investors with 31.44%
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for July 2020. It finds that Jordanian investors were the most active and had a net positive investment of JD 6.824 million, while regional investors had a net negative investment of JD 1.652 million and international investors had a net negative investment of JD 5.171 million. Jordanians make up the largest ownership in the ASE at 52.85% of total market capitalization. The banking and services sectors had the largest trading activity and values.
The report analyzes investment patterns on the Amman Stock Exchange (ASE) in February 2020. Local Jordanian investors had the most positive investment at 27 million JD, while regional investors had a negative investment of 7.7 million JD and international investors had an overwhelmingly negative investment of 19.4 million JD. Overall, Jordanian investors make up over half of ASE ownership and trading activity, followed by regional and international investors. The banking, services, and industry sectors saw overall positive local investment.
This monthly report from Ahli Treasury, Investments & Financial Institutions Group summarizes investment patterns and trends on the Amman Stock Exchange (ASE) in January 2021. Local Jordanian investors were the most active and had a net positive investment of JD 1.733 million, while regional investors had a smaller net positive of JD 172,846. International investors had a net negative investment of JD 1.906 million. Overall, local Jordanian ownership makes up 52.44% of ASE total market capitalization, while regional and international investors own 31.05% and 16.50%, respectively. The banking, services, and industry sectors saw net positive local investment, while the insurance sector had a small net negative local investment.
The document analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for October 2020. It finds that local Jordanian investors were net sellers of ASE shares, while regional investors from surrounding countries were net buyers. International Western investors were also net sellers. Overall, Jordanian investors make up over half of ASE ownership and trading activity. The top sectors by nationality are banking, services and industry. [END SUMMARY]
The report analyzes investment patterns in the Amman Stock Exchange (ASE) in August 2020. Local Jordanian investors were the most active and had a net positive investment of JD 2.941 million, while regional investors had a net positive of JD 961 thousand. International investors had a net negative investment of JD 3.903 million. Overall, local investors make up 52.95% of ASE ownership and were net buyers, while regional and international investors hold 32.44% and 14.61% respectively. The banking, services, and industry sectors saw net buying from local investors. [END SUMMARY]
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for the month of March 2020. Local Jordanian investors had a net positive investment of JD 4.727 million in ASE shares, while regional investors had a small positive investment and international investors had a large negative investment of JD 5.052 million. By sector, the largest activity was in banking, services, and industry. The top three nationalities by market share were Jordanian at 52.52%, regional investors at 32.68%, and international investors at 14.80%.
The document is a monthly investment patterns report from Ahli Treasury, Investments & Financial Institutions Group. It summarizes January 2019 trading data from the Amman Stock Exchange (ASE) and analyzes investment trends among local, regional, and international investors. Local investors had a negative investment of JD 236.12 thousand, regional investors had a negative JD 17.47 million, and international investors had a positive JD 17.71 million. Jordanian investors make up the largest share of ASE ownership at 50.68% of the total market cap.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
We at JM financial provides m&a advisory on corporate mergers, acquisitions and divestitures as well as debt and equity financing. To explore more about our financial services, click on our website jmfl.com
The document discusses the performance of Federal Bank. It notes that the bank continues to enjoy a strong retail franchise and saw healthy growth in non-interest income. While asset quality improved with a drop in slippages, the bank remains cautious about growing loans in the current macro environment. The bank aims to improve return ratios through higher productivity, net interest margins, and maintaining credit costs.
ICICI Prudential Strategic Metal and Energy Equity Fund of Fundiciciprumf
Energise your portfolio with a global opportunity to grow. The ICICI Prudential Strategic Metal and Energy Equity Fund of Fund allows you to invest in gold and oil that push growth for many nations. To know more, read the brochure.
Apollo Tyres plans to invest Rs. 2,700 crore to double the capacity of its Chennai plant to 12,000 units per day over the next 24 months. The expansion is part of Apollo Tyres' vision to become a leader in the Indian market by 2020. Technically, Apollo Tyres stock formed a long bullish candlestick on daily charts with high volume, indicating increased buying that could lead to further upside. The analyst recommends buying the stock in the 211-213 range, targeting 218 with a stop loss of 208.50.
IDFC received RBI approval to utilize Rs 2,500 crore in non-distributable reserves for provisions against bad loans as it transitions to universal banking. This will result in an additional Rs 1,600 crore provision this fiscal and reduce its net worth. REC received shareholder approval to raise up to Rs 42,000 crore through bond issuances over the next year. Technical indicators suggest buying IDFC between Rs 137.50-139 and REC between Rs 272-274. US stocks ended higher on Monday with gains in Apple and financials, though biotech shares fell on price control concerns. Asian markets were up around 0.5% while Japan was closed for a holiday.
- The document provides monthly, quarterly, annual, and long-term performance data for major US and international indices from 2015 to the present.
- In December, most US indices had small gains or losses around 1% or less, while international indices like MSCI Emerging Markets had larger losses around 2-4%.
- Over the past year, US indices like the S&P 500 and Dow Jones returned around 1-2% while international indices had smaller gains or losses in the 2-4% range.
- Long term, US indices have averaged annual returns of 7-15% over periods of 5-15 years, compared to smaller gains for international indices over the same periods.
The Qatar Exchange Index gained 3.11% over the trading week to close at 10,873.08 points. Trading value increased 151.77% to QR2.9 billion due to a shortened trading week previously. Most Gulf markets also gained except for Saudi Arabia which was up 0.7%. Foreign institutions remained net buyers while Qatari investors were net sellers. In corporate news, DOHI received approval to increase its capital and MPHC clarified shares under an Emiri grant. Qatar's GDP growth is forecast to accelerate to 6.8% this year driven by infrastructure projects.
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for December 2020. Local Jordanian investors were the most active and had a net positive investment of JD 1.838 million for the month. Regional investors also had a small positive investment of JD 179 thousand, while international investors had a net negative investment of JD 2.018 million. Overall, Jordanian ownership makes up 52.16% of ASE total market capitalization. [END SUMMARY]
#ChoiceBroking #MorningTea : Global View: Global View Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investor becoming more comfortable with the prospect of an interest rate hike as early as next month.
This document provides information about the IDFC Dynamic Equity Fund, including its category, average assets under management, inception date, fund managers, standard deviation, asset allocation, market cap split, minimum investment amount, exit load, SIP frequency, dividend options, and benchmark. The fund follows a dynamic asset allocation model that adjusts its equity exposure between 30-40% based on the trailing P/E of the Nifty 50 index. As of February 2021, the fund had 35.5% net equity exposure and invested primarily in large cap stocks across sectors like banks, software, finance, auto ancillaries, and pharmaceuticals. The debt portion aims for high credit quality and short-medium duration.
Hyundai Capital provides a summary of its financial performance in the first half of 2013. It achieved operating income of KRW 250 billion and a return on assets of 2.5%, despite slower new car sales. Asset quality remained stable with a 30+ day delinquency rate of 2.7%. The company maintains a conservative capital structure with a leverage ratio of 6.7x and a capital adequacy ratio above 15%. Hyundai Capital also discusses its diversified funding sources by type, duration, and region to reduce reliance on wholesale funding and expand its global funding capabilities.
The AFC Iraq Fund is an equity fund that invests in companies listed on the Iraq Stock Exchange as well as foreign companies conducting business in Iraq. In June 2020, the fund returned 11.4%, outperforming its benchmark which returned 8.2%. As of July 2020, the fund was invested in 14 companies across Iraq, Norway, and the UK, with financials making up over half of assets. The top holdings reported strong earnings growth in the first half of 2020, demonstrating the recovery of the Iraqi banking sector.
The report analyzes investment patterns and trends among local, regional, and international investors in the Amman Stock Exchange (ASE) for the month of April 2019. Local investors had a net negative investment of JD 2.97 million, while regional investors had a positive net investment of JD 3.18 million. International investors also had a negative net investment. Overall, Jordanian investors make up the majority of ASE ownership and trading activity. The banking, services, and industry sectors saw the most trading activity among the different investor nationalities.
Hyundai Capital provides a quarterly investor presentation summarizing its financial performance and business highlights. In Q1 2013, Hyundai Capital saw strong fundamentals with an ROA of 3.0% and delinquency rate of 2.7%, though operating income decreased from the prior year. It maintained a conservative capital and liquidity position with a capital adequacy ratio of 15.1% and long-term funding comprising over 65% of its portfolio. Going forward, Hyundai Capital aims to further diversify its funding sources globally and increase the proportion of alternative and long-term financing.
The document provides a performance report of Shariah Compliant Mutual Funds in Pakistan for September 2020. Some key highlights include: the Shariah Compliant Mutual Fund industry grew by PKR 6.09 billion to a total of PKR 377.618 billion; Shariah Compliant Aggressive Fixed Income funds recorded the highest return of 7.26% for the month; the Al Meezan Islamic Fund outperformed other equity funds with a return of -0.86% for the month; and the Alhamra Islamic Income Fund posted a higher return of 6.80% compared to its benchmark. The report also includes sections on top equity holdings, open end fund returns, and voluntary pension funds.
This report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for May 2021. It finds that local Jordanian investors were net buyers of ASE shares worth JD2.669 million in May, while regional investors were net buyers of JD3.157 million and international investors were net sellers of JD5.826 million. In terms of sector ownership, local investors held the largest percentage of shares in banking, services, and industry sectors, while regional investors held the largest percentage in insurance. The top three nationalities by market capitalization were Jordanian at 51.86%, regional investors at 31.69%, and international investors at 16.45%.
The report analyzes investment patterns and trends among local, regional, and international investors on the Amman Stock Exchange (ASE) in July 2019. Local investors had a positive net investment of 3.63 million JOD, while regional investors had a negative net investment of 11.96 million JOD. International investors had a positive net investment of 8.32 million JOD. Jordanian investors made up the largest share of transactions at 91.5% while local investors held 51.98% of ASE's total market capitalization. Saudi Arabian investors held the second largest ownership at 6.18% of market value.
The report analyzes investment patterns and trends among local, regional, and international investors on the Amman Stock Exchange (ASE) in March 2019. Local investors had a positive net investment of JD 40.61 million, while regional and international investors had negative net investments of JD 2.59 million and JD 38.02 million, respectively. Jordanian investors made up the largest share of transactions at 90.95%. Local investors held 51.27% of ASE's total market capitalization, followed by regional investors at 35.75% and international investors at 12.97%.
The document is a monthly investment patterns report from Ahli Treasury, Investments & Financial Institutions Group. It summarizes January 2019 trading data from the Amman Stock Exchange (ASE) and analyzes investment trends among local, regional, and international investors. Local investors had a negative investment of JD 236.12 thousand, regional investors had a negative JD 17.47 million, and international investors had a positive JD 17.71 million. Jordanian investors make up the largest share of ASE ownership at 50.68% of the total market cap.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
We at JM financial provides m&a advisory on corporate mergers, acquisitions and divestitures as well as debt and equity financing. To explore more about our financial services, click on our website jmfl.com
The document discusses the performance of Federal Bank. It notes that the bank continues to enjoy a strong retail franchise and saw healthy growth in non-interest income. While asset quality improved with a drop in slippages, the bank remains cautious about growing loans in the current macro environment. The bank aims to improve return ratios through higher productivity, net interest margins, and maintaining credit costs.
ICICI Prudential Strategic Metal and Energy Equity Fund of Fundiciciprumf
Energise your portfolio with a global opportunity to grow. The ICICI Prudential Strategic Metal and Energy Equity Fund of Fund allows you to invest in gold and oil that push growth for many nations. To know more, read the brochure.
Apollo Tyres plans to invest Rs. 2,700 crore to double the capacity of its Chennai plant to 12,000 units per day over the next 24 months. The expansion is part of Apollo Tyres' vision to become a leader in the Indian market by 2020. Technically, Apollo Tyres stock formed a long bullish candlestick on daily charts with high volume, indicating increased buying that could lead to further upside. The analyst recommends buying the stock in the 211-213 range, targeting 218 with a stop loss of 208.50.
IDFC received RBI approval to utilize Rs 2,500 crore in non-distributable reserves for provisions against bad loans as it transitions to universal banking. This will result in an additional Rs 1,600 crore provision this fiscal and reduce its net worth. REC received shareholder approval to raise up to Rs 42,000 crore through bond issuances over the next year. Technical indicators suggest buying IDFC between Rs 137.50-139 and REC between Rs 272-274. US stocks ended higher on Monday with gains in Apple and financials, though biotech shares fell on price control concerns. Asian markets were up around 0.5% while Japan was closed for a holiday.
- The document provides monthly, quarterly, annual, and long-term performance data for major US and international indices from 2015 to the present.
- In December, most US indices had small gains or losses around 1% or less, while international indices like MSCI Emerging Markets had larger losses around 2-4%.
- Over the past year, US indices like the S&P 500 and Dow Jones returned around 1-2% while international indices had smaller gains or losses in the 2-4% range.
- Long term, US indices have averaged annual returns of 7-15% over periods of 5-15 years, compared to smaller gains for international indices over the same periods.
The Qatar Exchange Index gained 3.11% over the trading week to close at 10,873.08 points. Trading value increased 151.77% to QR2.9 billion due to a shortened trading week previously. Most Gulf markets also gained except for Saudi Arabia which was up 0.7%. Foreign institutions remained net buyers while Qatari investors were net sellers. In corporate news, DOHI received approval to increase its capital and MPHC clarified shares under an Emiri grant. Qatar's GDP growth is forecast to accelerate to 6.8% this year driven by infrastructure projects.
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for December 2020. Local Jordanian investors were the most active and had a net positive investment of JD 1.838 million for the month. Regional investors also had a small positive investment of JD 179 thousand, while international investors had a net negative investment of JD 2.018 million. Overall, Jordanian ownership makes up 52.16% of ASE total market capitalization. [END SUMMARY]
#ChoiceBroking #MorningTea : Global View: Global View Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investor becoming more comfortable with the prospect of an interest rate hike as early as next month.
This document provides information about the IDFC Dynamic Equity Fund, including its category, average assets under management, inception date, fund managers, standard deviation, asset allocation, market cap split, minimum investment amount, exit load, SIP frequency, dividend options, and benchmark. The fund follows a dynamic asset allocation model that adjusts its equity exposure between 30-40% based on the trailing P/E of the Nifty 50 index. As of February 2021, the fund had 35.5% net equity exposure and invested primarily in large cap stocks across sectors like banks, software, finance, auto ancillaries, and pharmaceuticals. The debt portion aims for high credit quality and short-medium duration.
Hyundai Capital provides a summary of its financial performance in the first half of 2013. It achieved operating income of KRW 250 billion and a return on assets of 2.5%, despite slower new car sales. Asset quality remained stable with a 30+ day delinquency rate of 2.7%. The company maintains a conservative capital structure with a leverage ratio of 6.7x and a capital adequacy ratio above 15%. Hyundai Capital also discusses its diversified funding sources by type, duration, and region to reduce reliance on wholesale funding and expand its global funding capabilities.
The AFC Iraq Fund is an equity fund that invests in companies listed on the Iraq Stock Exchange as well as foreign companies conducting business in Iraq. In June 2020, the fund returned 11.4%, outperforming its benchmark which returned 8.2%. As of July 2020, the fund was invested in 14 companies across Iraq, Norway, and the UK, with financials making up over half of assets. The top holdings reported strong earnings growth in the first half of 2020, demonstrating the recovery of the Iraqi banking sector.
The report analyzes investment patterns and trends among local, regional, and international investors in the Amman Stock Exchange (ASE) for the month of April 2019. Local investors had a net negative investment of JD 2.97 million, while regional investors had a positive net investment of JD 3.18 million. International investors also had a negative net investment. Overall, Jordanian investors make up the majority of ASE ownership and trading activity. The banking, services, and industry sectors saw the most trading activity among the different investor nationalities.
Hyundai Capital provides a quarterly investor presentation summarizing its financial performance and business highlights. In Q1 2013, Hyundai Capital saw strong fundamentals with an ROA of 3.0% and delinquency rate of 2.7%, though operating income decreased from the prior year. It maintained a conservative capital and liquidity position with a capital adequacy ratio of 15.1% and long-term funding comprising over 65% of its portfolio. Going forward, Hyundai Capital aims to further diversify its funding sources globally and increase the proportion of alternative and long-term financing.
The document provides a performance report of Shariah Compliant Mutual Funds in Pakistan for September 2020. Some key highlights include: the Shariah Compliant Mutual Fund industry grew by PKR 6.09 billion to a total of PKR 377.618 billion; Shariah Compliant Aggressive Fixed Income funds recorded the highest return of 7.26% for the month; the Al Meezan Islamic Fund outperformed other equity funds with a return of -0.86% for the month; and the Alhamra Islamic Income Fund posted a higher return of 6.80% compared to its benchmark. The report also includes sections on top equity holdings, open end fund returns, and voluntary pension funds.
This report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for May 2021. It finds that local Jordanian investors were net buyers of ASE shares worth JD2.669 million in May, while regional investors were net buyers of JD3.157 million and international investors were net sellers of JD5.826 million. In terms of sector ownership, local investors held the largest percentage of shares in banking, services, and industry sectors, while regional investors held the largest percentage in insurance. The top three nationalities by market capitalization were Jordanian at 51.86%, regional investors at 31.69%, and international investors at 16.45%.
The report analyzes investment patterns and trends among local, regional, and international investors on the Amman Stock Exchange (ASE) in July 2019. Local investors had a positive net investment of 3.63 million JOD, while regional investors had a negative net investment of 11.96 million JOD. International investors had a positive net investment of 8.32 million JOD. Jordanian investors made up the largest share of transactions at 91.5% while local investors held 51.98% of ASE's total market capitalization. Saudi Arabian investors held the second largest ownership at 6.18% of market value.
The report analyzes investment patterns and trends among local, regional, and international investors on the Amman Stock Exchange (ASE) in March 2019. Local investors had a positive net investment of JD 40.61 million, while regional and international investors had negative net investments of JD 2.59 million and JD 38.02 million, respectively. Jordanian investors made up the largest share of transactions at 90.95%. Local investors held 51.27% of ASE's total market capitalization, followed by regional investors at 35.75% and international investors at 12.97%.
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for the month of June 2020. Local Jordanian investors were the most active and had a net positive investment of JD 7.44 million, while regional investors had a positive JD 979 thousand and international investors had a negative JD 8.42 million. Overall, local investors make up 52.33% of ASE ownership while regional and international investors own 33.21% and 14.46% respectively. The banking, services, and industry sectors saw the largest trading activity and values among local, regional, and international investors.
The report analyzes investment patterns and trends in the Amman Stock Exchange (ASE) for November 2019. Local Jordanian investors were the most active but had a net negative investment of JD 14.6 million. Regional investors had a net positive investment of JD 15.5 million while international investors had a net negative investment of JD 928 thousand. Jordanians make up over half of ASE ownership while regional investors own about a third. [END SUMMARY]
- The December 2020 quarter saw record profits for Indian companies in the BSE200 set, which few would have predicted at the start of the fiscal year in April 2020 during the start of the COVID pandemic.
- In February 2021, the domestic Indian equity markets continued to trend higher with gains across sectors, led by small cap (12% return) and mid cap (10% return) stocks.
- However, rising global bond yields and inflation concerns gave a signal that economic growth could slow if bond yields continued to rise, potentially leading to compressed valuations.
- The December 2020 quarter saw record profits for Indian companies in the BSE200 set, which few would have predicted at the start of the fiscal year in April 2020 during the start of the COVID pandemic.
- In February 2021, the domestic Indian equity markets continued to trend higher with gains across sectors, led by small cap (12% return) and mid cap (10% return) stocks.
- However, rising global bond yields and inflation concerns gave a signal that economic growth could slow if bond yields continued to rise, potentially leading to compressed valuations.
Investment patterns report (February - May) 2020ahli bank
- The document analyzes investment patterns on the Amman Stock Exchange (ASE) during February-May 2020, a period when the market was closed for 8 weeks due to COVID-19.
- It tracks investment by nationality (local, regional, international), sector, and investor type. In February, local investors had net positive investment while regional and international investors had net negative investment. Local individual investors and companies had the largest positive and negative investments respectively.
- The top three nationalities by market ownership were Jordanian, Saudi, and Kuwaiti, together making up over 60% of ASE market value. The banking, services and insurance sectors had the largest market values.
Investment patterns report special issue (february may) 2020ahli bank
- The document analyzes investment patterns on the Amman Stock Exchange (ASE) during February-May 2020, a period when the market was closed for 8 weeks due to COVID-19.
- It tracks investment by nationality (local, regional, international), sector, and investor type. In February, local investors had net positive investment while regional and international investors had net negative investment. Local individual investors and companies had the largest positive and negative investments respectively.
- The top three nationalities by market ownership were Jordanian, Saudi, and Kuwaiti, though Jordanians made up over half of market ownership. The banking, services and insurance sectors had the largest total market values.
The document provides an introduction to investing and stock markets. It discusses the importance of investing to combat inflation, create wealth, and meet financial goals. The main asset classes for investment are fixed income instruments, equity, real estate, and commodities. Equity typically provides the highest returns over the long term, while fixed income offers more stability but lower returns. Diversifying investments across different asset classes based on one's risk tolerance is recommended. The document also outlines some key factors to consider before investing such as the relationship between risk and return.
The document provides an introduction to investing and stock markets. It discusses the importance of investing to fight inflation, create wealth, and meet financial goals. The main asset classes for investment are fixed income instruments, equity, real estate, and commodities. Equity typically provides the highest returns over the long term, while fixed income offers more stability but lower returns. Diversifying investments across different asset classes based on one's risk tolerance is recommended. The document also outlines some key factors to consider before investing such as the relationship between risk and return.
This document provides valuation details for five companies - Container Corporation of India Limited, ICICI Bank Limited, LIC Housing Finance Limited, Balmer Lawrie and Company Limited, and Suzlon Energy Limited. Valuation methodologies used include free cash flow to equity discounted at cost of equity, relative valuation using enterprise value to sales ratio, and equity as an option. The document compares the valuation results to the market prices of the stocks as of 21-10-2016 and finds most to be overvalued except Balmer Lawrie which is undervalued. Key assumptions and considerations for each valuation are outlined.
This document provides valuation details for five companies - Container Corporation of India Limited, ICICI Bank Limited, LIC Housing Finance Limited, Balmer Lawrie and Company Limited, and Suzlon Energy Limited. Valuation methodologies used include free cash flow to equity discounted at cost of equity, relative valuation using enterprise value to sales ratio, and equity as an option. The document compares the valuation results to the market prices of the stocks as of 21-10-2016 and finds most to be overvalued except Balmer Lawrie which is undervalued. Key assumptions and considerations for each valuation are outlined.
This document provides valuation details for five companies - Container Corporation of India Limited, ICICI Bank Limited, LIC Housing Finance Limited, Balmer Lawrie and Company Limited, and Suzlon Energy Limited. Valuation methodologies used include free cash flow to equity discounted at cost of equity, relative valuation using enterprise value to sales ratio, and equity as an option. The document compares the valuation results to the market prices of the stocks as of 21-10-2016 and finds most to be overvalued except Balmer Lawrie which is undervalued. Key assumptions and considerations for each valuation are outlined.
The IDFC Tax Advantage (ELSS) Fund is an equity linked savings scheme that aims to generate long-term capital growth from a diversified equity portfolio while also providing tax benefits under Section 80C of the Income Tax Act. It had average assets under management of Rs. 2,968.96 crores as of February 2021. The fund performed well in February with small and mid cap stocks providing the highest returns of 12% and 10% respectively. However, global markets saw increased volatility driven by concerns over rising bond yields and their potential impact on inflation and economic growth.
The IDFC Tax Advantage (ELSS) Fund is an equity linked savings scheme that aims to generate long-term capital growth from a diversified equity portfolio while also providing tax benefits under Section 80C of the Income Tax Act. The fund had average assets under management of Rs. 2,968.96 crores as of February 2021. It primarily invests in Indian equities across various sectors such as banks, software, pharmaceuticals, and consumer durables. The minimum investment amount is Rs. 500.
ViewShift: Hassle-free Dynamic Policy Enforcement for Every Data LakeWalaa Eldin Moustafa
Dynamic policy enforcement is becoming an increasingly important topic in today’s world where data privacy and compliance is a top priority for companies, individuals, and regulators alike. In these slides, we discuss how LinkedIn implements a powerful dynamic policy enforcement engine, called ViewShift, and integrates it within its data lake. We show the query engine architecture and how catalog implementations can automatically route table resolutions to compliance-enforcing SQL views. Such views have a set of very interesting properties: (1) They are auto-generated from declarative data annotations. (2) They respect user-level consent and preferences (3) They are context-aware, encoding a different set of transformations for different use cases (4) They are portable; while the SQL logic is only implemented in one SQL dialect, it is accessible in all engines.
#SQL #Views #Privacy #Compliance #DataLake
Build applications with generative AI on Google CloudMárton Kodok
We will explore Vertex AI - Model Garden powered experiences, we are going to learn more about the integration of these generative AI APIs. We are going to see in action what the Gemini family of generative models are for developers to build and deploy AI-driven applications. Vertex AI includes a suite of foundation models, these are referred to as the PaLM and Gemini family of generative ai models, and they come in different versions. We are going to cover how to use via API to: - execute prompts in text and chat - cover multimodal use cases with image prompts. - finetune and distill to improve knowledge domains - run function calls with foundation models to optimize them for specific tasks. At the end of the session, developers will understand how to innovate with generative AI and develop apps using the generative ai industry trends.
"Financial Odyssey: Navigating Past Performance Through Diverse Analytical Lens"sameer shah
Embark on a captivating financial journey with 'Financial Odyssey,' our hackathon project. Delve deep into the past performance of two companies as we employ an array of financial statement analysis techniques. From ratio analysis to trend analysis, uncover insights crucial for informed decision-making in the dynamic world of finance."
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
2. 1
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
Contents
KEY HIGHLIGHTS ........................................................................................................................................................................... 2
FUNDS IN SPOTLIGHT ................................................................................................................................................................... 5
AUM’S OF SHARIAH COMPLIANT FUNDS ..................................................................................................................................... 7
TOP EQUITY HOLDINGS OF INDUSTRY.......................................................................................................................................... 8
OPEN END MUTUAL FUND RETURNS ......................................................................................................................................... 10
VOLUNTARY PENSION FUNDS .................................................................................................................................................... 12
3. 2
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
KEY HIGHLIGHTS
SUMMARY:
As per the data obtained from Fund Manager Reports and MUFAP, for the month of August 2020, the Shariah Compliant
Mutual Funds Industry grew by 21.475 billion (5.78%) to a total of PKR 371.528 billion from PKR 350.052 billion.
MARKET OVERVIEW:
During the month KSE-100 and KMI-30 increased by 4.72% and 4.03% on month on month basis, the decline in Covid-19
cases and the ease of lockdown lifted the sentiments of market participants and the market rebounded to pre-covid
levels. The country reported a current account surplus in the month of July’20 as worker remittances increased to a
record USD 2.77 Bn, highest ever in one month in the history of Pakistan along with a healthy export growth of 20% on
MoM basis.
Inflation, for the month of June 2020 increased to 8.6% YoY and 0.8% MoM. The upward pressure on food
basket kept the downward pressure on transport/fuel basket in check resulting in a slight month on month
increase in inflation.
4. 3
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
KEY HIGHLIGHTS
FUTURE OUTLOOK:
Pakistan’s economy is moving towards stabilization as the COVID-19 cases dwindled down and the related restrictions
are eased. The core inflation is also stabilizing, we believe that inflation will decline due to downward pressure on food
prices. In line with SBP’s steps to counter the demand contraction caused by the pandemic, we do not rule out further
monetary easing provided that inflation remains below central bank’s target rate. The market is still trading at an
attractive PE of 7.8x against historical PE of 9x-10x and historical analysis have shown that market outperforms during
periods of low interest rates and manageable current account. Although the aftershocks of Covid-19 may keep the
growth rate on the lower side in short term, we believe once the pandemic is successfully contained that the economy
can go back to its historical growth rate trajectory.
AVERAGE RETURNS:
For the month of August 2020, in the open-end scheme category, Shariah Compliant Income Fund recorded the highest
absolute return of 5.59%, followed by Shariah Compliant Money Market Funds with an average annualized return of
4.96% on MTD basis. In the voluntary pension scheme category, Shariah Compliant Debt Fund had the highest absolute
return of 5.9% followed by Shariah Compliant Equity Funds with an annualized average return of 4.85% on MTD basis.
AVERAGE RETURN – OPEN END FUNDS:
CATEGORY - OPEN END SCHEME
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
Shariah Compliant Money Market 6.21 4.96 6.71 8.26 10.44
Shariah Compliant Capital Protected Fund 7.05 1.75 7.38 4.66 21.54
Shariah Compliant Capital Protected – Income 0.83 0.44 1.21 N/A N/A
Shariah Compliant Fund of Funds – CPPI 3.03 0.99 3.36 (2.70) 6.42
Shariah Compliant Income 7.03 5.59 7.16 7.42 10.06
Shariah Compliant Aggressive Fixed Income 7.45 2.71 7.59 4.20 8.46
Shariah Compliant Balanced Fund 9.22 2.43 9.49 5.42 28.98
Shariah Compliant Asset Allocation 7.12 1.56 7.58 3.49 23.31
Shariah Compliant Fund of Funds 10.89 2.26 10.88 5.20 22.12
Shariah Compliant Fund of Funds - Income 0.89 0.45 1.44 N/A N/A
Shariah Compliant Index Tracker 18.93 3.86 18.11 7.10 40.49
Shariah Compliant Commodities 8.84 (0.20) 11.76 22.98 23.93
Shariah Compliant Equity 17.87 4.21 17.99 6.04 39.53
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August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
KEY HIGHLIGHTS
AVERAGE RETURN – VOLUNTARY PENSION PLAN:
CATEGORY - VOLUNTARY FUND SCHEMES
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
Shariah Compliant Money Market 4.4 3.4 4.8 5.3 8.1
Shariah Compliant Debt Fund 6.4 5.9 7.0 5.4 8.5
Shariah Compliant Commodities 10.2 (0.09) 13.9 20.1 23.3
Shariah Compliant Equity 19.42 4.85 19.05 10.57 47.26
6. 5
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
FUNDS IN SPOTLIGHT
ALFALAH GHP ISLAMIC STOCK FUND:
For the month of August KSE-100 increased by
4.71% whereas KMI-30 Index increase by 4.03%.
Amongst all Shariah Compliant Equity Funds,
Alfalah GHP Islamic Stock Fund (AGISF) out-
performed its peers, posting a gain of 5.12% on
MTD basis. AGISF was 94.5% invested in the
equity market in August 2020, a slight increase
from 93.3% in July 2020.
AGISF has focused more on Oil & Gas Exploration
Companies with 23.48% of its AUM’s invested,
17.46% in Cement, 11.55% in Fertilizer, 7.98% of
its AUMs in Oil and Gas Marketing Companies,
and 5.71% in Textile Composite
Source: FMR of Alfalah Investments
Disclaimer: Funds with AUMs greater than 1 billion are considered for analysis.
7. 6
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
FUNDS IN SPOTLIGHT
MEEZAN SOVEREIGN FUND:
Amongst all the Shariah Compliant Income and
Money Market funds, Meezan Sovereign Fund
outperformed its competitors; as per the FMR of
MSF, the fund posted a return of 20.19% on MTD
basis, as compared to benchmark annualized
return of 4.40% on MTD basis. MSF comprises of
13% bank deposits, 83% Government Guaranteed
and 4% of Other Receivables.
MSF has invested 85.9% of AUMs in AAA Credit
rating avenues 7.5% in AA Credit rating and 1.7%
of its AUMs in A+ credit rating. The remaining
AUMs comprises of AA+, AA- and unrated
securities.
Source: FMR of Al Meezan Investment Management Ltd
Disclaimer: Funds with AUMs greater than 1 billion are considered for analysis.
11. 10
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
OPEN END MUTUAL FUND RETURNS
SHARIAH COMPLIANT MONEY MARKET
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
Al Ameen Islamic Cash Plan I 6.39 6.74 6.73 N/A N/A
NBP Islamic Daily Dividend Fund 6.60 6.40 6.73 8.40 N/A
Faysal Halal Amdani Fund 6.74 6.34 7.18 8.93 N/A
ABL Islamic Cash Fund 6.48 6.33 7.06 8.72 N/A
Meezan Rozana Amdani Fund 6.48 6.20 7.03 8.36 10.78
NBP Islamic Money Market Fund 6.20 6.20 6.47 8.31 10.80
Alhamra Islamic Money Market Fund 6.15 6.15 N/A N/A N/A
Al Ameen Islamic Cash Fund 6.17 6.14 6.57 8.09 10.31
HBL Islamic Money Market Fund 6.21 6.12 6.55 8.00 10.44
Meezan Cash Fund 6.12 5.92 6.42 7.97 10.07
Faysal Islamic Cash Fund 4.92 4.92 N/A N/A N/A
SHARIAH COMPLIANT EQUITY
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
AKD Islamic Stock Fund 31.61 8.99 30.49 11.81 29.03
JS Islamic Fund 21.36 6.43 19.39 7.05 32.00
Alfalah GHP Islamic Stock Fund 19.51 5.12 18.42 5.52 37.15
ABL Islamic Stock Fund 19.77 5.10 18.41 6.83 40.18
AWT Islamic Stock Fund 17.89 5.06 20.51 0.17 30.13
Alhamra Islamic Stock Fund 17.38 4.94 17.07 7.91 39.32
Al Ameen Shariah Stock Fund 18.41 4.92 19.05 12.70 52.90
NBP Islamic Energy Fund 15.70 4.90 12.15 4.16 33.90
NBP Islamic Stock Fund 19.90 4.80 18.78 8.23 46.10
Al Ameen Islamic Energy Fund 16.11 4.59 13.50 6.60 N/A
Meezan Islamic Fund 18.40 4.39 18.57 10.26 43.91
Atlas Islamic Stock Fund 19.37 4.34 18.82 8.98 48.79
First Habib Islamic Stock Fund 16.46 4.28 16.47 4.46 37.09
Al Meezan Mutual Fund 17.61 4.13 17.89 9.28 43.43
Meezan Energy Fund 15.31 4.13 12.50 2.33 33.09
Faysal Islamic Stock Fund 5.68 4.02 N/A N/A N/A
NIT Islamic Equity Fund 19.97 3.94 19.79 11.75 41.07
HBL Islamic Equity Fund 17.34 3.86 17.39 6.94 39.71
HBL Islamic Stock Fund 17.11 3.59 17.53 7.53 42.34
12. 11
August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
OPEN END MUTUAL FUND RETURNS
Source: MUFAP and FMRs
SHARIAH COMPLIANT INCOME
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
Meezan Sovereign Fund 13.93 20.19 12.29 10.53 11.67
AKD Islamic Income Fund 9.24 11.10 8.49 9.11 11.18
NBP Islamic Income Fund 9.88 9.90 N/A N/A N/A
Meezan Islamic Income Fund 8.19 9.03 8.29 9.07 10.96
NBP Riba Free Savings Fund 8.60 9.00 8.87 8.25 10.40
Faysal Islamic Savings Growth Fund 6.62 6.70 7.10 7.71 9.96
Alhamra Islamic Income Fund 6.78 6.64 6.81 8.73 10.86
NBP Islamic Mahana Amdani Fund 7.00 6.50 7.36 7.56 10.40
Alfalah GHP Islamic Income Fund 6.79 6.34 6.63 8.33 10.75
Al Ameen Islamic Sovereign Fund 5.88 6.23 6.24 6.76 9.05
HBL Islamic Income Fund 5.13 6.05 5.62 6.57 9.04
Alhamra Daily Dividend Fund 6.28 6.00 6.53 8.32 10.82
First Habib Islamic Income Fund 6.51 5.95 6.71 8.50 10.98
NBP Islamic Savings Fund 5.80 5.70 6.03 7.40 10.00
NIT Islamic Income Fund 6.12 5.62 7.37 7.01 9.49
Atlas Islamic Income Fund 5.64 5.60 6.46 7.44 10.46
ABL Islamic Income Fund 6.75 5.23 7.33 7.29 10.41
AWT Islamic Income Fund 8.20 5.19 9.13 3.64 7.28
Pak Oman Advantage Islamic Income Fund 6.01 5.14 6.65 5.91 8.63
JS Islamic Income Fund 5.83 5.04 6.60 5.46 9.58
NBP Active Allocation Riba Free Savings Fund 4.70 4.60 5.05 6.81 9.40
786 Smart Fund 4.63 3.77 5.15 5.90 10.05
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August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
VOLUNTARY PENSION FUNDS
VPS SHARIAH COMPLIANT DEBT FUND
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
Meezan Tahaffuz Pension Fund 17.76 26.34 15.18 11.92 12.32
HBL Islamic Pension Fund 5.84 6.64 5.97 3.61 6.75
Alhamra Islamic Pension Fund 7.14 5.25 6.72 6.30 9.11
Atlas Pension Islamic Fund 4.95 4.18 6.65 5.55 8.91
Al Ameen Islamic Retirement Savings Fund 4.89 3.64 5.52 4.84 8.04
NAFA Islamic Pension Fund 5 3.6 5.46 5.25 8.84
Alfalah GHP Islamic Pension Fund 5.31 2.78 4.83 6.17 8.25
NIT Islamic Pension Fund 5.02 2.6 7.35 3.01 7
ABL Islamic Pension Fund 3.65 2.36 4.86 3.82 7.77
JS Islamic Pension Savings Fund 4.75 1.18 7.08 3.79 8.10
Source: MUFAP and FMRs
VPS SHARIAH COMPLAINT MONEY MARKET
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
HBL Islamic Pension Fund 4.17 4.19 4.93 5.41 7.31
Meezan Tahaffuz Pension Fund 5.07 4.04 5.55 6.27 8.89
NIT Islamic Pension Fund 4.52 3.46 5.13 5.26 8.29
JS Islamic Pension Savings Fund 4.61 3.45 6.00 5.69 8.94
Al Ameen Islamic Retirement Savings Fund 3.83 3.45 4.65 5.26 8.17
Atlas Pension Islamic Fund 4.63 3.35 5.79 5.51 8.71
Alhamra Islamic Pension Fund 4.72 3.2 4.75 5.22 7.74
ABL Islamic Pension Fund 3.2 3.19 1.46 2.93 6.87
NAFA Islamic Pension Fund 4.25 3.1 4.84 5.81 8.67
Alfalah GHP Islamic Pension Fund 5.27 2.40 5.07 5.77 7.4
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August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
VOLUNTARY PENSION FUNDS
VPS SHARIAH COMPLIANT COMMODITIES/GOLD
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
Meezan Tahaffuz Pension Fund 10.21 (0.09) 13.93 20.12 23.33
Source: MUFAP and FMRs
VPS SHARIAH COMPLAINT EQUITY
Fund Name YTD MTD 90 DAY 180 DAY 365 DAY
JS Islamic Pension Savings Fund 22.56 6.52 22.14 13.42 44.12
Al Ameen Islamic Retirement Savings Fund 18.37 5.49 18.79 10.70 54.53
ABL Islamic Pension Fund 20.92 5.46 20.36 8.88 40.69
Alhamra Islamic Pension Fund 18.22 5.10 18.28 12.57 53.10
Meezan Tahaffuz Pension Fund 18.71 4.70 18.72 10.42 48.63
NAFA Islamic Pension Fund 20.33 4.50 19.70 10.97 52.09
Atlas Pension Islamic Fund 19.82 4.49 19.06 9.21 50.66
Alfalah GHP Islamic Pension Fund 18.14 4.44 17.50 6.93 41.41
HBL Islamic Pension Fund 18.53 4.05 17.38 9.84 47.53
NIT Islamic Pension Fund 18.64 3.74 18.58 12.78 39.84
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August 2020SHARIAH COMPLIANT MUTUAL FUND REPORT
AL-HILAL SECURITIES ADVISORS (Pvt.) LIMITED
FARAZ YOUNUS BANDUKDA, CFA CHIEF EXECUTIVE faraz.bandukda@alhilalsa.com 021-35305931
MUHAMMAD ISHAQ KHAN HEAD OF INVESTMENTS ishaq.khan@alhilalsa.com 021-35305933
SYED SHAHARYAR AKHTER RESEARCH ANALYST shaharyar.akhter@alhilalsa.com 021-35305937
ABDUL RAHIM MOTEN RESEARCH ANALYST abdul.rahim@alhilalsa.com 021-35305937