Pakistan-based JS Investments Limited (JSIL) recently launched the JS Microfinance Sector Fund (JSMFSF) with the goal of providing “the opportunity to tap into the growth potential of Pakistan’s microfinance sector” resulting in “a reasonable rate of return while maintaining high liquidity.” The fund carries a minimum investment of PKR 500 (USD 2.50), maximum up-front fees of 1 percent and maximum annual expenses of 1 percent.
JSIL CEO Iffan Mankani expressed the hope that the fund will “add value [for] investors in the fixed-income space by way of offering diversification across the spectrum of microfinance products.”
Founded in 1995, JSIL is an asset management company that offers “investment products including mutual funds, voluntary pension schemes, and separately managed accounts (SMAs).” As of 2021, its total assets were valued at USD 60 million.
By Hasnat Aslam, Research Associate
Sources and Additional Resources
EIN Presswire press release
https://www.einnews.com/pr_news/572303688/js-investments-launches-js-microfinance-sector-fund
JSMFSF webpage
https://jsil.com/products/mutual-funds/conventional-products/js-microfinance-sector-fund/
JSIL homepage
https://jsil.com/
JSIL financial statements
https://jsil.com/all-downloads/company-financial-statements/
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