CDC Trustee & Custodial Services welcomes NIUT on board
CDC has taken over the trusteeship of National Investment (Unit) Trust (NIUT), the First and Largest Mutual Fund of Pakistan. NIUT carries an investment portfolio of around Rs.64 billion, invested in over 385 listed companies with around 51,000 unit holders.
With NIUT on board, CDC sustained its legacy to act as the market leader in the business of trusteeship services and captured 94% of the market share hence winning the trust and confidence which the industry had reposed in it. With NIUT, Trustee and Custodial Services has outclassed all its previous records and crossed 459 billion in terms of net assets.