Lahore, September 29, 2022 (PPI-OT):JS investments limited has launched JS Government Securities for making its portfolio more diverse and meaningful for its investors. The objective of JS Government Securities Fund (or the “Fund”) aims to preserve investor’s capital while providing a regular stream of current income on an annual basis which is higher than that offered by commercial banks on deposits of a similar liquidity profile.

The fund operates a diverse portfolio of investment-grade debt securities, government securities and money market instruments. The Fund reflect medium-risk profile. The investment policy of the Fund allows it to take minimum 70% exposure in Govt Securities, an average quarterly basis. The Fund had allocated 3.5% in Banks, mainly AAA rated whereas 96.1% in T-Bills. The Duration and WAM of the Fund stood at 1-day, limiting the exposure to interest rate and credit risk.

Going forward, compliance with rating criteria for assigned rating and maintaining liquidity would remain imperative. Material changes in the fund’s asset allocation strategy, impacting its credit quality and/or exposure to interest rate risk, would affect the rating.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com