BMA Funds Corporate Profile
Introduction to BMA
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100% wholly owned subsidiaries
Equities
Corporate Member of the Pakistan Stock Exchange since 1992
International, Institutional & Retail Desks
Among Pakistan’s Top 3 equity brokers
Global & Domestic distribution capabilities
Fixed Income & Foreign Exchange
Preferred Broker of all major banks and financial institutions in Pakistan
Broker for Government Securities, Corporate Bonds & Islamic Sukuks
Member of the Financial Markets Association of Pakistan
Corporate Finance & Advisory
Mergers & Acquisitions Advisory
Capital Raising
Privatisation
Financial Advisory
Islamic Finance
Infrastructure & Real Estate
Private Equity
Pakistan’s leader in discretionary portfolio management
Currently manages more than PKR 9 billion in assets
Launched 1st Open End off-shore Equity Fund, & First Principal Guaranteed Fund
Currently has Empress Cash Fund and Chundrigar Savings Fund
First Independent Financial Products Distribution Company in Pakistan backed by a Financial Institution
Catering to both institutional and retail investors
Raised over PKR 55 billion in assets since inception
Provide ‘one-stop shop’ wealth management solutions across all asset classes in Pakistan
Portfolio Management
Consolidated MIS reporting
Wealth Management
Research
Dedicated team of Analysts with CFA Accreditation
High quality Research Products
In-depth coverage of all industry/sectors
Widely respected and quoted in Pakistani and int’l media
About BMA Pakistan Focused Investment House
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About BMA Licenses/Memberships held by BMA Group
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BMA CAPITAL MANAGEMENT COMPANY LIMITED
License Details Regulator | Membership
Stock Broker
Commodity Broker
Financial Market Association
BMA ASSET MANAGEMENT COMPANY LIMITED
License Details Regulator | Membership
Asset Management Services
Investment Advisory
BMA FINANCIAL SERVICES LIMITED
License Details Regulator | Membership
Registered Service Provider
Equities
Commodities
Interbank Foreign Exchange and Money Market Broker
Pakistan Stock Exchange
Pakistan Mercantile Exchange
Financial Markets Association of Pakistan
License to carry out Asset Management Services
License to carry out Investment Advisory Services
Securities & Exchange Commission of
Pakistan, Mutual Fund Association of Pakistan
Securities & Exchange Commission of Pakistan
Distribution of Mutual Funds Mutual Funds Association of Pakistan
About BMA Awards & Recognitions
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BMA Funds Achievements
PKR 9bn
Asset Management
More than
Under Management
Rank # 1
Asset Management
Pioneers & Innovators
In Industry
Capital protected fund (Dec 2006)
Long-short offshore fund (Oct 2005)
• BMA Asset Management Company Ltd. (BMA Funds) began operations in June 2005.
• NBFC and Licensed Asset Manager and Investment Advisor by the Securities and Exchange Commission of Pakistan.
• Licensed to offer:
• Open and closed-end mutual funds in both equity and fixed income asset classes and
• Separately Managed Accounts (SMA)
• BMA Funds has rapidly established a strong presence as a pioneer in asset management.
Achievement
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Why BMA Funds? A Complete Asset Management Company
Strong Asset Management Capability
BMA is not only one of the pioneers in the industry
but has the capability of providing consistent
returns to its clientele. Key initiatives include
building its institutional management business,
managing Pakistan’s first US dollar denominated
off-shore fund and launching Pakistan ’ s first
principal guaranteed fund.
BMA Funds
BMA Asset Management Company Limited (BMA
Funds) is a Non-Banking Finance Company licensed
to perform Asset Management and Investment
Advisory Services as per the NBFC Rules, 2003.
Incorporated in April 2005 and fully licensed to
carry out asset management and investment
advisory services in November 2005.
Strong Research Support
A rigorous, transparent investment process
drawing on contact with the top 100 companies
and a proprietary research process based on cash
flow and asset valuations
Separately Managed Accounts (SMAs)
BMA Funds is actively engaged in managing
Separately Managed Accounts (SMAs), of
institutional and High Net-Worth Individual (HNW).
Currently, BMA has approximately Rs.8 billion in
total assets under management for a host of
corporate, retirement fund and HNW clients.
Experienced Team of Professionals
Our team has a combined experience of over fifty
years in both international emerging markets, the
Pakistan market and possesses an intimate
understanding of Pakistani equity and debt
markets.
A Complete Asset Management Company
Products & Processes
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BMA Funds Product Array
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BMA Asset Management is one of the pioneers in the industry and has assets under management of over PKR.8bn. It is continuously working to
improve its product portfolio and provide its investors with the best returns
Product Offering
Separately Managed Account
Offshore fund focusing on Pakistan equities
Fixed income and cash funds
Products Under Management
Separately Managed Accounts
Equity SMA
Fixed Income SMA
Hybrid SMA
Asset Allocation SMA
Shariah Compliant SMA
Long Short SMA
Mutual Funds
BMA Pakistan Opportunities Fund (BMAPOF)
BMA Chundrigar Road Savings Fund (BCSF)
BMA Empress Cash Fund (BECF)
Product Pipeline
BMA Minhaj Islamic Income Fund
BMA Merewether Asset Allocation Fund
BMA Quant Fund
Derivative Fund
BMA Funds Products – Key Highlights
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Total AUM Breakup PkR mn. Wt
Equity 1,995 22%
Fixed Income 6,782 75%
Hybrid 247 3%
Total 9,024 100%
Equity PkR mn. Wt
Shariah 1,358 15%
Conventional 637 7%
Total 1,995 22%
Fixed Income PkR mn. Wt
Shariah - 0%
Conventional 6,782 75%
Total 6,782 75%
Hybrid PkR mn. Wt
Shariah 66 1%
Conventional 181 2%
Total 247 3%
Equity 22%
Fixed Income
75%
Hybrid 3%
Shariah 15%
Convent ional 7%
Shariah 0%
Conventional 75%
Shariah 1%
Conventional 2%
Security Selection
11% Market Timing
6%
Other Factors 4%
Asset Allocation Policy 79%
Investment Approach Strategic Asset Allocation
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Investment Philosophy
We believe that portfolios should be managed in accordance with a strategic (long term) asset allocation plan that provides the most efficient trade-off between long term return aspirations (‘upside potential’) and the risk of shorter term loss events (Downside Risk)
Research has shown that the real foundation of returns in any portfolio comes from the original asset allocation policy decision (see pie chart)
Construct portfolio that match our clients’risk and return profiles.
Maximize the probability of investment success by minimizing subjective & Judgmental errors.
Combine the skills of in – house portfolio managers with the best investment products available in the market today.
Note: This example is for illustrative purposes only.
Research Based Real Foundation of Returns
Products SMA | Discretionary & Non Discretionary Approach
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Discretionary Management
We offer both a discretionary and non
discretionary approach
Ideally, we provide a combination of the two,
whereby a non discretionary core is
complemented by discretionary management for
high conviction ideas
Investment Approach
Non-Discretionary Management
BMA is responsible for decisions based on set parameters.
Client and BMA adopt a joint decision making approach on agreed parameters.
Core in-house portfolio management across classes combined to the best of 3rd party specialist funds and strategies
Best execution
Full and transparent reporting
Risk Management
Equity and Fixed Income
Concentrated equity strategies
Access to BMA Funds and 3rd Party Research
Best Execution
Risk Management
Access to unique, high conviction ideas
Access To BMA Group Services Via BMA Funds
BMA Funds Sales & Trading Research Investment Banking
BMA Investment
Management
Equities
Fixed Income
Commodities
Risk Management
Economics & Politics
Investment Strategy
Equity Research
Fixed Income Research
Real Estate
Corporate Finance
Mergers & Acquisitions
Investment Approach How We Pick Stocks
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Investment Committee
Approved Stocks
Funds Strategy
Continuous Rebalancing Weights
Final Portfolio
Research Department
Focus List
Fundamental Analysis
Technical Analysis
Economic Analysis Asset Allocation
Investment Theme
Liquidation Management
Final Execution
RESEARCH INDEPENDENT IDEA FLOW
INVESTMENT COMMITTEE FUNDS STRATEGY (EVENTS DRIVEN)
REVIEW PROCESS QUARTERLY / EVENTS DRIVEN
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Company Visit
Investment Ideas
Risk Management
Momentum Indicators
Relative Valuation
FUND MANAGEMENT PORTFOLIO MANAGER
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Fund Manager
Quarterly Review
Event Driven Review
Macro Analysis
Political Analysis
Compliance
Products Separately Managed Accounts | Reporting
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Statements
Weekly / Monthly NAV Reports
We attach great importance to keeping our clients regularly informed about the performance of the portfolio.
We act in the following ways to do so:
Fund Report
Review and structure analysis
NAV Statements
Performance reports Reviews
Quarterly Client Reviews Security / Market Assessment
Review of portfolio and market assessment
Investment Action Note
Minutes of investment committee meetings
Investor Relations
Conference Calls or Monthly Meeting
with Account Manager
Report to Clients For In-House Fund Management
Our Clients
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BMA Funds Our Clients
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Attock Cement Pakistan Limited
Management Overview
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Management Overview Senior Management Profiles
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Mr. Faisal Ali Khan
Chief Financial Officer BMA Funds Faisal is a qualified Chartered Accountant from the Institute of Chartered Accountants of Pakistan. He has over 9 years of professional experience ranging from financial reporting, regulatory compliance, budgeting and taxation to corporate and secretarial practices. He has been associated with leading companies in the Oil and Gas and financial services sectors which includes Attock Refinery Limited and Saudi Pak Investment Company.
Mr. Qamar Abbas
Fund Manager Senior Vice President – Investments Qamar joined BMA Funds in May 2013 as a Vice President Investments and Research. Before joining BMA Funds he was working as a Head of Research and Product Development at Faysal Asset Management Limited. He has over fourteen years of experience in fields of fixed Income portfolio management, Capital Market Research, Investment Advisory and Product Development with over three years association with UBL Fund Managers as a Manager Research and Product Development.
Mr. Khaldoon Bin Latif
Chief Executive Officer BMA Funds Khaldoon has over 12 years of rich and varied experience in Financial Services. Prior to joining BMA Funds, he was associated with JS Investments Limited and KASB Funds Limited as a Chief Investment Officer (CIO) and Chief Executive Officer (CEO). He has also worked with TAIB Bank BSC – Bahrain, as a managing director of their brokerage, asset management, custody and advisory operation. He has also been associated with the research and trading departments of AKD Securities Limited and PICIC Asset Management Company Limited. He has represented strategic and non strategic shareholders as a director, in a number of different regulated entities.
Mr. Farrukh Hussain
Chief Investment Officer BMA Funds Farrukh has 23 years experience of managing various investment instruments, predominantly equity Portfolio Management and system development and research related tasks. Prior to joining BMA Funds, he worked with Crescent Steel and Allied Products Limited, a blue chip manufacturing company of Crescent Group, in the capacity of Manager Finance.
Contact us: 804 Unitower, I.I. Chundrigar Road, Karachi – 74000 , Pakistan UAN: +92 21 111 262 111 Fax: +92 21 3242 6829 Email: [email protected] bmafunds
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