Lackluster performance of Islamic Money Market Fund in Sept 11

Lackluster performance of Islamic Money Market Fund in Sept 11

KARACHI: Islamic Money Market Funds and Islamic Cash Funds performed lackluster in the month of September, 2011 as the net assets of the category decreased by 9.83 percent Month-on-Month (MoM) to Rs 6,892.176 million. The previous month, recorded a surge in net asset by 9.15 percent MoM to Rs 7,643.277 million.