Investments Outside Pakistan Sample Clauses

Investments Outside Pakistan. 8.1 The Investments outside Pakistan shall be subject to prior approval from the Commission and SBP. Any such proposal by the Management Company shall be submitted to the Commission and SBP with the prior consent of the Trustee. While opening and operating any type of account and/or making investments in offshore countries on the instructions of Management Company, if the Trustee is required to provide any indemnities to offshore parties then Trustee and the Fund would be counter indemnified by the Management Company to such extent. These investments will enable the Fund to diversify the risk as well as avail opportunities for higher returns in markets that are undervalued. Such Investments may be made up to 30% of net assets of the Fund and are subject to a cap of US$ 15 million unless some other ceiling is imposed by the SBP and/or SECP.
Sample 1
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Investments Outside Pakistan will enable the Fund to diversify the risk as well as avail opportunities for higher returns in markets that are undervalued. The Management Company may, under intimation to the Trustee, expand the limit of such foreign Investments after seeking permission from the Commission and SBP. The limit on international Investments shall apply at the time of such Investments and it shall not be necessary for the Trustee to sell any Investment merely because, owing to appreciation or depreciation of any Investment, change in foreign exchange parities, disposal of any Investment or change in such limit due to increase or decrease in Units, such limit shall be exceeded. In case, due to the relative movement of the value of foreign Investments and/or change in the limit, the value of foreign Investments exceed the above limit, the Management Company shall bring the Fund into compliance, within such time period as prescribed by the Regulations or the Commission.
Sample 1

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