MUFAP yearbook’s launching this week

KARACHI: Mutual Funds Association of Pakistan (MUFAP) will hold its 2018 Yearbook launch in Karachi this week, a statement said on Wednesday.

MUFAP is the trade association, representing Pakistan's asset management industry, which comprises 19 asset management companies, managing 281 funds (in conventional and Shariah compliant range) with the total assets under management Rs607 billion as of January 31, 2019, it added.

MUFAP’s role is to deal with the regulatory and government authorities to address obstacles in growth of the mutual fund industry, to ensure transparency and high ethical conduct and growth of the mutual fund industry through creating public awareness and education about mutual funds and pension schemes.