Pakistan Credit Rating Agency maintains Asset Manager Rating of Lakson Investments Limited

Lahore, June 03, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Lakson Investments Limited (LI) at “AM3+” (AM Three Plus). The rating reflects the company’s strong capacity to manage the risks inherent in asset management and the asset manager meets high investment management industry standards and benchmarks.

The rating reflects the company’s experienced management, adequately structured investment process, quality support systems and its association with an acknowledged business group – Lakson. LI has consistently been focusing on expansion of its funds slate and growth in AUM base; this has ensured stable – indeed – increasing system share.

The company has an adequate foothold in the avenue of managed accounts, through drawing on the support of the group. However, AUMs are largely concentrated in the money-market fund alongwith high unit holding concentration.

The rating is dependent on the company’s ability to effectively execute its business plan leveraging on group synergies to aid the retail base, while reducing investor concentration. Meanwhile, fortifying the quality of decision making process by strengthening investment risk management would be important. At the same time, establishing a strong and stable fund performance would be crucial.

For more information, contact:
Hammad Rashid
Analyst
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
Email: hammad.rashid@pacra.com
Web: www.pacra.com

Leave a Reply