Lahore, March 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Lakson Investments Limited (LI) at “AM2-” (AM Two Minus) . The rating reflects the company’s high investment management industry standards and benchmarks with noted strengths in several of the rating factors.
The rating captures LI’s strategy of building a portion of strength in the niche market of separately managed accounts (SMA). This is helping in an enhanced system share. This was the result of management’s concerted efforts towards effectively utilizing group’s franchise value coupled with sound operating platform and strengthened investor services. The company has faced challenges in terms of growth in the conventional area of mutual funds and lagged behind its peers.
The management’s plan to convert its international funds into conventional and Islamic asset allocation categories would provide support in this area. In addition to that, success of LI’s initiatives to launch a well regulated and transparent investment product to attract international investors remains to be seen. Research functions develop model portfolios after detailed scenario analysis and evaluation parallel to the fund manager’s portfolio; these help in strengthening the decision making process. The rating incorporates LI’s association with an acknowledged business group – Lakson.
The rating is dependent on the company’s ability to effectively roll out its business plan to further augment its system share in its respective niche while strengthening its conventional business. At the same time, strong and stable performance in SMAs and Mutual funds remain imperative.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425