Pakistan-focused fund
11/06/2008
Dalton Strategic Partnership has become the first UK fund manager to offer focused retail access to Pakistani equities, with the launch of its Melchior Selected Trust: Pakistan Opportunities fund.
The fund, whose investment date was delayed to avoid a sharp correction in the Karachi Stock Exchange in May, is slated for release on 19 June.
Portfolio management has been outsourced to Karachi-based KASB Funds, which was founded in 1952 and has been 5 per cent owned by BlackRock since the early 1990s.
The manager already runs PKR12bn (£90m) across three listed mutual funds in Pakistan.
