Karachi, Lakson Investments Limited informed Pakistan Stock Exchange that the Mutual Fund Association of Pakistan in its meeting held on August 13, 2021, has decided to reverse the provision of Sindh Workers Welfare Fund under Sindh Workers Welfare Fund Act, 2014 by collective investments schemes with effect from August 13, 2021.
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.