MCB Investment Management Limited (Pakistan)

MCB Investment Management Limited, formerly Arif Habib Investments Limited is an Asset Management Company managing both open and closed-end mutual funds. The company is registered with the Securities & Exchange Commission of Pakistan (SECP) and regulated under the Non-Banking Finance Companies (NBFC) Rules 2003 and NBFC & NE Regulations 2008. MCB Investment Management Limited manages about Rs. 15.262 billion (USD 183.858 million) in 12 mutual funds as of 30th September 2009. The company was conceived in the year 2000 and in March 2002 two of its flagship funds, the Pakistan Stock Market Fund (PSM) and the Pakistan Income Fund (PIF) were launched. Arif Habib Securities Ltd (the parent company) has received the KSE's Top 25 Companies Award for the past 6 consecutive years. MCB Investment Management Limited’s closed-end fund the Pakistan Premier Fund Limited (PPFL) was also placed in KSE’s top 25 companies in 2005 and 2006. Pakistan International Element Islamic Fund (PIIF) of MCB Investment Management Limited is the first mutual fund in the country with permission from the State Bank of Pakistan to also invest overseas.