Karachi, Lakson Investments Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016.
The agenda of the meeting was discussion of profit and loss account for nine months period ended March 31, 2016 of Lakson Money Market Fund, Lakson Income Fund, Lakson Equity Fund, Lakson Asset Allocation Developed Markets Fund, Lakson Asset Allocation Emerging Markets Fund and Lakson Tactical Fund which portrayed a profit of Rs. 161,754,277, Rs. 282,648,615, Rs. 15,557,219, Rs. 13,814,137, Rs. 2,827,954 and Rs. 9,421,397respectively.
Lakson Investments Limited, the investment management arm of The Lakson Group, is licensed by the Securities & Exchange Commission of Pakistan to provide asset management and investment advisory services under the Non Banking Finance Companies Rules, 2003 and Notified Entities Regulations, 2008.
Lakson Investments currently manages six unique open end mutual funds. The Lakson Money Market Fund (LMMF) is designed for those with a short term investment horizon, the Lakson Income Fund (LIF) caters to those with an intermediate investment horizon and the Lakson Equity Fund (LEF) provides diversified exposure to domestic stocks.