ATLAS STOCK MARKET FUND

ATLAS STOCK MARKET FUND

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Company Overview

Business Summary
The objective of the Fund is to provide investors one window facility to invest in a diversified portfolio of equity securities offering consistent returns and growth. The Fund aims to deliver this objective mainly by investing in equity securities of companies that are paying regular dividend, have growth prospects or are actively traded. Any amounts which have not been invested in equity securities may be invested in corporate debt instruments or Government securities or placed in money market instruments, reverse repurchase agreements or future transactions.
Description and history
The objective of the Fund is to provide investors one window facility to invest in a diversified portfolio of equity securities offering consistent returns and growth. The Fund aims to deliver this objective mainly by investing in equity securities of companies that are paying regular dividend, have growth prospects or are actively traded. Any amounts which have not been invested in equity securities may be invested in corporate debt instruments or Government securities or placed in money market instruments, reverse repurchase agreements or future transactions.

The Fund is an open ended mutual Fund constituted by a trust deed entered into on 29 May 2004 between Atlas Asset Management Limited (AAML) as the management company and Central Depository Company of Pakistan Limited (CDC) as the trustee. The Trust Deed and Offering Document were revised on 29 October 2007 and 06 March 2008 with the approval of the SECP. The investment activities and administration of
the Fund are managed by AAML situated at Ground Floor, Federation House, Shahrae Firdousi, Clifton, Karachi.
Units of the Fund are offered for public subscription on a continuous basis since 23 November 2004 and are transferable and redeemable by surrendering them to the Fund. The Fund is listed on the Lahore StockExchange.
In accordance with of Circular No. 23 of 2008 dated 7 October 2008 issued by the Securities and Exchange Commission of Pakistan (SECP), the pricing, issuance, and redemption of units of the Fund remained suspended from 7 October 2008 to 16 December 2008, both days inclusive. With effect from 17 December 2008, the management company of the Fund, with the approval of its Board of Directors, suspended the issue and redemption of units of the Fund in accordance with the provisions contained in the Trust Deed, Offering Document of the Fund and Non Banking Finance Companies and Notified Entities Regulations, 2008. The Fund recommenced the redemption of units with effect from 6 January 2009.

Business Line

Subsidiary

Advisor
FORD RHODES SIDAT HYDER & CO.
IPO date
12/29/2004
US SIC Code
6211
Company Address
GROUND FLOOR, FEDERATION HOUSE,
SHARAE FIRDOUSI, CLIFTON
City province or state postal code
75600, KARACHI
Phone: +92 21 5379501
Fax: +92 21 5379280
Country address: PAKISTAN
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