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SC Media Centre - IGI Financial Services
IGI Commodities Participated
in Expo 2008
Karachi: November 3, 2008 - IGI Finex Securities Ltd., a
corporate member of the National Commodity Exchange Limited,
participated in the 4 day Expo Pakistan 2008 held in Karachi
from October 27 to 30, 2008. IGI Commodities is the commodities
brokerage service of IGI Finex Securities Limited that offers
customers to trade in commodities at the online commodities
exchange limited.
Trading in commodities like gold and rice presents a viable
alternative to equity investments as it allows investors to
diversify their portfolio and protect their finances from
inflation.
Speaking at the occasion Mr. Rizwan Butt, CEO - IGI Finex
Securities, said "We are making an intensive effort to educate
and encourage investors to invest in commodities as the
prospects offered by this mechanism are favorable and still
unknown to most investors. "
IGI Financial Services is a dynamic family of diversified
companies belonging to the Packages Group that provides
investment banking, insurance, asset management and full service
brokerage in stocks and securities to a variety of customers
nationwide.
Trust Deed signed for IGI Pak
Brunei Income Plus Fund
Karachi: September 12, 2008 - IGI Funds Limited, the Asset
Management Company of IGI Financial Services and Packages Group,
announced at CDC House today that it had signed a Trust Deed for
the launch of the 'IGI Pak Brunei Income Plus Fund'.
Speaking at the occasion, Syed Javed Hassan, CEO - IGI Funds
said, "We are confident in signing this Trust Deed as the scheme
seeks to provide investors with steady income stream by
investing in high quality Fixed Income Instruments comprising,
money market and other available fixed alternatives to achieve
higher returns relative to risk. The new fund will provide our
clients a wider selection of portfolio to choose from".
Ms. Ayesha Aziz, Managing Director of Pak Brunei Investment
Company Ltd ("PBIC") said "traditional fixed income investment
avenues available in Pakistani market have been giving
comparatively lower returns to the market risk. At the same
time, the volatility in the debt markets have resulted in
investors looking for investment avenues that can deliver
consistent returns over medium and long term tenors. The new
Income Plus Fund offers a unique product that blends stability
of return with aggressive fixed income investment solutions; it
is an ideal option for investors who are looking for competitive
returns as well as cope with rising inflation."
IGI launches Islamic Income &
Growth Fund
Karachi: August 30, 2008 - IGI Funds Limited, the Asset
Management Company of IGI Financial Services and Packages Group,
has launched the 'Islamic Income & Growth Fund' today for which
they recently signed a Trust Deed at the CDC House.
IGI Funds Limited is licensed by the Securities and Exchange
Commission of Pakistan (SECP) to provide Asset Management &
Investment Advisory Services. The company recently introduced
its Stock Fund and has managed the IGI Income Fund since its
launch in April 2007 which has offered a YTD return of 10.47%.
The firm is quality conscious with a clear focus to provide
customized products and services, offering a wide range of
investment products to its customers.
Mr. Ali Azam Shirazee, CEO - IGI Funds, believes the new fund is
ideal for investors seeking regular and steady returns from a
Shariah compliant investment portfolio. He said, "The Islamic &
Income Growth Fund is another initiative taken by IGI Funds to
offer investors a new investment solution and help them gain low
risk Riba-free profits in such a volatile investment
environment."
IGI launches Stock Fund
Karachi: July 29, 2008 - IGI Funds Ltd, the Asset Management
Company of IGI Financial Services and Packages Group has
recently launched the much anticipated 'IGI Stock Fund'.
The Fund aims to capture interest of investors who seek
long-term capital growth by investing primarily in a diversified
pool of equities and equity related investments. The IGI Stock
Fund, an open ended scheme will provide investors an opportunity
to benefit from a diversified stock market portfolio which will
be prudently managed by a professional fund manager at IGI
Funds.
Currently, IGI Funds also manages the IGI Income Fund which has
provided consistent returns of 9.5 % and above since its
inception in April 2007 to its retails and institutional
investors. The company has also recently signed the Trust Deed
for the IGI Islamic Income and Growth Fund which will be
launched in the very near future.
"The Stock Market has suffered major corrections in its levels
in response to changes in interest rates and the economic
scenario. IGI Stock Fund is being launched at a good time and
will get an opportunity to deploy funds at very attractive Stock
Market levels. The Fund should perform better against existing
funds as all deployments will be fresh and in sectors/ stocks
that are attractive in the new economic scenario." said Ali Azam
Shirazee, CEO, IGI Funds Ltd.
