Dubai: Azimut Group, Europe’s leading independent asset manager with over $57 billion in assets under management across 17 countries and Alfalah GHP Investment Management, a Pakistan asset manager, have signed a strategic partnership agreement to jointly launch an international equity fund focused exclusively on Pakistan’s stock market.

This equity fund, branded as AZ — Alfalah Pakistan Equity Fund will capitalise on the track record of Alfalah GHP Stock Fund, one of the best performing local equity funds over the last decade. The Fund will be established by AZ Fund Management, Azimut’s Luxembourg fund Management Company, within its UCITS umbrella fund, Azimut said in a statement.

The strategic partnership also aims to explore further joint marketing and commercial initiatives in Pakistan and the MENA region with a view to bringing Pakistan’s lucrative investment story to investors globally.