asset management · number of amc and funds mutual fund industry size till mar 30,2009 closed end...
TRANSCRIPT
Asset ManagementMutual Funds Industry Latest Trends
(Period: Oct 08 - Mar 09)( )
Presented by: Muhammad Aamir Khan
Source: MUFAP, PACRA
What do you know about Pakistan’s Mutual Fund Industry??
M l F d I d SiMutual Fund Industry Size
Total Asset Management Companies ????
Total Open End Funds ???
Total Closed End Funds ??
Total Funds ?
Any thing you remember from last presentation? Your views please
Number of AMC and Funds
Mutual Fund Industry Size till Mar 30,2009
Closed End Mutual Funds in Pakis tan (21)
5%14% 5%
10%
Total Asset Management Companies 27
Total Open End Funds 80
Total Closed End Funds 21
14%
52%
Total Funds 101
Ope n End M utual Funds in Pakis tan (80)
52%
Balanced Equity Income Capit al P rotected Hybrid Islamic
p ( )
4%7%7%
21%
41%
20%
A s s et A llo cation Hyb rid Inco me Equ ity Is lamic Balanced
Assets Under Management (AUM) Comparison Mar 2009 Mutual Fund Market
PKR (bln)Types Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09
Open End Funds 207 189 157 152 155 169Closed End Funds 34.3 33.9 23.8 22.6 23.6 27.9
AUM
Total 240.90 222.90 180.50 174.30 178.60 196.90
AM Industry AUM (Oct-Mar)
200.00
250.00
300.00
50.00
100.00
150.00
0.00Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09
Comparison Open End FundsC i M 2009 ( O E d F d )
FundOct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09
Income 100,780 85,495 77,619 73,471 74,147 76,455Equity 69,429 69,304 50,619 50,656 52,776 58,876
l i 1 8 1 928 13 1 13 8 14 206 1 93
Comparison Mar 2009 ( Open End Funds)AUM (PKR mln)
Islamic 17,855 15,928 13,177 13,585 14,206 15,937Balanced 8,495 8,175 6,324 6,094 5,895 6,682
Capital Protected 5,586 5,621 5,523 5,175 5,098 7,386Hybrid 4,478 4,433 3,486 2,769 2,840 3,592Total 206,623 188,956 156,748 151,751 154,962 168,928
Open End Mutual Funds
100000
120000
40000
60000
80000
100000
PKR
(bln
)
0
20000
Income Equity Islamic Balanced CapitalP t t d
HybridProtected
Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09
Comparison Closed End FundsC i M 2009 ( Cl d E d F d )
FundOct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09
Equity 24,869 24,743 16,314 15,456 16,317 19,955Balanced 3,479 3,326 2,581 2,205 2,225 2,436
1 060 1 060 1 063 9 4 1 00 1 0 1
Comparison Mar 2009 ( Closed End Funds)AUM (PKR mln)
Income 1,060 1,060 1,063 974 1,005 1,071Capital Protected 1,346 1,353 1,216 1,228 1,245 1,278
Islamic 2,341 2,341 1,593 1,705 1,811 2,159Hybrid 1,060 1,060 1,063 974 1,005 1,071Total 34,154 33,883 23,831 22,542 23,609 27,969
Closed End Mutual Funds
25000
30000
15000
20000
PKR
bln
0
5000
10000
0Equity Balanced Income Capital
ProtectedIslamic Hybrid
Oct-08 Nov-08 Dec-08 Jan-09 Feb-09
Market share of AMCs (All Funds)
Mutual Funds(Oct-Mar)( )
50,000
60,000
25%
30%
30,000
40,000
M in
mln
15%
20%
t Sha
re
10,000
20,000
AUM
5%
10%
Mkt
- 0%
AUM Oct.08 12,370 3,447 12,909 5,326 4,935 3,100 29,922 7,593.86 13,376 20,760 56,807 24,005 51,643
Al Meezan
Alfalah Arif Habib
Askari Atlas Daw ood JSIL KASB MCB NAFA NIT UBL Others
AUM Mar.08 11,892 3,109 11,153 3,242 3,525 1,779 22,306 5,266.00 10,532 13,706 47,401 22,694 43,557
Mkt Share (Oct.08) 5% 1% 5% 2.2% 2.0% 1.3% 12.4% 3.2% 5.6% 8.6% 23.6% 10.0% 21.4%
Mkt Share (Mar.09) 6% 2% 6% 1.6% 1.8% 0.9% 11.3% 2.7% 5.3% 7.0% 24.1% 11.5% 22.1%
Market Share of AMCs (Income Funds)Income Funds(Mar-Oct)
35,000
40,000
35.0%
40.0%
20,000
25,000
30,000
in m
ln
20.0%
25.0%
30.0%
Shar
e
10,000
15,000
AUM
10.0%
15.0%
Mkt
-
5,000
0.0%
5.0%
Al Meezan
Alfalah Arif Habib Askari Atlas BMA Daw ood JSIL KASB MCB NAFA UBL Others
Oct.08 5,009 1,274.24 3,623.24 4,990.00 2,989.19 2,859.87 2,045.31 9,810.12 5,423.60 11,775.01 14,338.00 12,112.00 25,244
Mar.09 6,610 821.00 2,502.96 2,933.76 1,814.00 1,367.76 916.91 5,010.72 3,698.00 9,228.00 8,304.00 12,716.00 38,064
Mkt Share(Oct.08) 4.6% 1.2% 3.3% 4.6% 2.7% 2.6% 1.9% 9.0% 5.0% 10.8% 13.1% 11.1% 30.3%
Mkt Share(Mar.09) 6.0% 1.0% 3.0% 3.5% 2.2% 1.6% 1.1% 6.0% 4.4% 11.1% 10.0% 15.3% 34.8%
AMC Composition
Mutual Funds Market Composition(Mar.09)Mutual Funds Market Composition(Mar.09)
60 000
80,000
20 000
40,000
60,000
AM
U in
mln
-
20,000
H b id 1 756 2 138 4 406 640 665 862 11 851 760 737 22 632 1 514 3 230
Al Meezan Alfalah
Arif Habib Askari Atlas Dawood JSIL KASB MCB NAFA NIT UBL Others
Hybrid 1,756 2,138 4,406 640 665 862 11,851 760 737 22,632 1,514 3,230
Equity 5,138 150 2,393 - 744 - 4,980 289 567 2,880 47,401 1,713 32,200
Income 4,998 821 4,354 13,520 2,116 917 5,475 4,217 9,228 10,008 19,467 36,910
Funds Performance
Equity Funds
Income Funds
Indian Industry OutlookIndian Industry Outlook
Source: http://www.mutualfundsindia.com To be continued…
Thank oThank you