KARACHI, Jan 18: JCR-VIS Credit Rating Company has assigned a management quality rating ‘AM2’ to PICIC Asset Management Company (PICIC- AMC).

JCR-VIS has also assessed the performance rankings of both PICIC Investment Fund (PIF), and PICIC Growth Fund (PGF) for the period ended on June 30, 2005 at ‘MFR 4-Star’, which denotes good Performance, vis-à-vis, other closed-end funds.

PICIC AMC is a wholly owned subsidiary of Pakistan Industrial Credit and Investment Corporation.