Azimut, Alfalah GHP Investment partners to launch Pakistan fund

Italy’s independent asset manager Azimut and Alfalah GHP Investments, a Pakistan asset manager, have signed a strategic partnership agreement to jointly launch an international equity fund focused exclusively on Pakistan’s stock market.

This equity fund, AZ – Alfalah Pakistan Equity fund will capitalise on the track record of Alfalah GHP Stock fund.

The fund will be established by AZ Fund Management S.A., Azimut’s Luxembourg fund management company, within its UCITS umbrella fund.

The strategic partnership also aims to explore further joint marketing and commercial initiatives in Pakistan and the MENA region with a view to bringing Pakistan’s lucrative investment story to investors globally.

Alfalah Investments CEO, Maheen Rahman, said: “Our partnership with Azimut offers the global investing community a chance to partake in this rising economic prosperity by bringing together the potent combination of our expertise in local markets and Azimut’s significant investment and fund capabilities and distribution network in emerging and developed markets.

“The outreach of the Azimut Group when combined with the expertise of Alfalah Investments in the Pakistan market would unlock synergies, which we understand have never before materialised on such a scale.”

Strategic partnership 

Sergio Albarelli, CEO of Azimut Holding, said that the strategic partnership with Alfalah Investments will provide Azimut global investors access to new markets through AZ fund, its UCITS platform in Luxembourg and our recent announcement on the launch of a MENA equity fund, this is one of the very first Pakistan focused funds offered by a global asset manager.

“It is a further progress in our plans to establish and develop a unique fund management range in the wide Middle Eastern and neighbouring Southern Asia region.”

ABOUT THE AUTHOR
Ridhima Sharma
Ridhima Sharma is Correspondent for InternationaInvestment. She speaks German and is also DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

Read more from Ridhima Sharma

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