NAFA Market Intelligence Report
Performance of NAFA’s Key Funds
Stability Rating / Star Ranking *
November 12, 2013
Fund Name
Last 90 Days
Last 1 year Annualized Returns
Last 3 years
Money Market Funds NAFA Government Securities Liquid Fund NAFA Money Market Fund Peer Average Average- 3 Months- T-Bills & Bank Deposit (AA & above) Income Funds NAFA Savings Plus Fund NAFA Financial Sector Income Fund NAFA Riba Free Savings Fund Peer Average - Conventional Peer Average - Islamic Average - 6 Months - KIBOR & Bank Deposit (A & above) Equity Related Funds NAFA Asset Allocation Fund Peer Average NAFA Multi Asset Fund Peer Average NAFA Islamic Multi Asset Fund Peer Average NAFA Stock Fund Peer Average KSE 100 KMI 30 Average - KSE 100 and 3 months T-Bills Average - KMI 30 and 3 Months Islamic Banks Deposit
* Stability rating for Fixed Income Funds and Star Ranking for Equity/Balanced Funds. n/a = Not applicable. - Return is reported where full period performance is available.
AAA (f) AA (f)
7.31% 7.46% 7.35% 7.63%
7.74% 8.00% 7.96% 7.84%
9.89% n/a 10.30% 9.33%
AA- (f) A+ (f) AA- (f)
7.35% 7.61% 7.37% 6.75% 6.92% 8.04%
7.91% 8.34% 7.86% 7.54% 7.43% 8.13%
9.86% n/a 9.69% 9.95% 9.75% 9.65% Annualized Return 21.56% 13.07% 23.21% 16.99% 23.02% n/a 33.36% 28.10% 28.90% 31.08% 19.91% 18.85%
(5-star)
Cumulative Returns -0.72% 23.89% -4.29% 19.57% -1.14% -2.96% -3.40% -2.60% -3.93% -4.69% -1.32% -4.35% 0.44% -1.34% 29.56% 22.95% 26.59% 12.95% 41.24% 40.63% 43.72% 38.26% 25.56% 21.41%
(4-star)
(4-star)
(4-star)
PE Multiple of NAFA’s Equity Funds vs Stock Market* PE 7.1 7.0 7.5 7.1 8.4 PBV 1.7 1.8 2.1 1.8 1.9 DY 6.5% 7.5% 7.9% 7.0% 6.3%
NAAF NMF NIMF NSF Stock Market
*As of November 12, 2013
Equity Funds Tactical Strategy • • Since 31 Oct-13, stock market gained 2.3% to close at 23,302 levels and is now trading close to its all time high. Positive news flows like EU approving GSP status for Pakistan and...