KARACHI, Nov 1: JS Investments Limited (formerly known as JS Abamco Limited) announced that it had successfully raised Rs1.36 billion in recently launched JS Capital Protected Fund III (CPF III). The IPO of CPF III was held at the fag-end of last month and the Fund is now closed for new subscriptions.

CPF III is third in the series of Capital Protected Funds launched by JS Investments in collaboration with Standard Chartered Bank (Pakistan) Limited, which acts as the sole distributor for these Funds to retail customers.

These Funds provide investors with opportunity to take exposure in equity market, with limited downside risk owing to 100 per cent capital protection ensured to fund unit holders.

Mr. Najam Ali, CEO of JS Investments stated in a press release that since inception in February 2007, over 1,400 retail and corporate customers had invested in excess of Rs4 billion in these Funds. JS Investments was planning to launch the next Capital Protected Fund in December 2007.