Karachi – National Investment Trust’s assets under management increased by 17 percent to Rs96 billion on 31st December 2014 from Rs.82 billion on June 30, 2014.
Net Asset Value (NAV) for NIUT increased to Rs66.03 as on 31st December 2014, translating into a return of 16.68 percent, as against benchmark (KSE-100) return of 8.32 percent. NIUT outperformed the benchmark KSE-100 index by 8.36 percent. The assets under management for the flagship fund, NI(U)T increased by 21.6 percent to Rs.73 billion as on 31st December 2014, from Rs.60 billion as on 30th June 2014.
A downward shift in term structure also benefited income funds managed by NIT. The assets under management for NIT-Government Bond Fund (NIT-GBF) increased 88 percent to Rs.7.9 billion as on 31st December 2014, from Rs.4.2 billion as on 30th June 2014. Exposure to long-dated Pakistan Investment Bonds enabled the income funds to realize capital gains, due to decrease in interest rates during the period. NIT-IF also benefited from reversal of provisioning, as overall credit quality of portfolio improved.
