KARACHI – ABL Asset Management (ABL AMC) has successfully implemented the Global Investment Performance Standards (GIPS) for the performance presentation of funds under its management. Developed by the CFA Institute of the US, GIPS are ethical standards on the presentation and calculation of investment performance designed to ensure fair representation and full disclosure of a fund manager’s performance information.
ABL AMC has expressed its commitment to employing international best practices for performance reporting to its clients and implementing and claims that GIPS will go a long way in serving this objective. Pakistan is amongst the 30 countries in the world to adopt GIPS and ABL AMC is the second Asset Management Company to achieve GIPS Compliance in the mutual funds industry of Pakistan.
For its valued clients, compliance with GIPS would mean access to complete, fair and transparent performance reporting, which is in line with globally recognised presentation standards.
