Lakson Money Market Fund

Investment Objective

The investment objective of the Lakson Money Market Fund is to provide stable and competitive returns in line with the money markets, exhibiting low volatility consistent with capital preservation by constructing a liquid portfolio of low risk short term investments.

Investment & Suitability

The fund is best suited for investors with a short-term investment horizon and for cash management, as well as for investors with medium to long-term investment horizons as part of their larger portfolio strategy.

Return as of 31 October, 2017

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Investment Committee

Mr. Babar Ali Lakhani
Chief Executive Officer
Mr. Babar Ali Lakhani

Chief Executive Officer

Mr. Lakhani has over 13 years of investment and portfolio management experience in domestic and international equity and fixed income markets. Mr. Lakhani most recently served as the Chief Investment Officer of Century Insurance, a Public Limited Company listed on the Karachi and Lahore Stock Exchanges of Pakistan. He was an Investment Associate at High Street Advisors and a Research Analyst at Credit Suisse Equity Group (formerly Credit Suisse First Boston). Mr. Lakhani brings extensive investment experience, globally practiced portfolio management discipline, and a comprehensive understanding of the global asset management industry to Lakson Investments Limited.

Mr. Lakhani received his BA in Finance from Bentley College, and his MBA from Brandeis University.

Mr. Lakhani is a member of the Global Association of Risk Professionals (GARP), the Society of Financial Service Professionals and the Young Presidents' Organization (YPO). Mr. Lakhani is a member of the Alumni Trustee Committee of Brandeis University and is the school’s representative in Pakistan.

Mr. Lakhani’s passions include Philanthropy, Ironman and Marathons, Family activities and holidays, Technology (AI, IOT, Machine Learning, Disruptiveness), Kindle books, and watching movies.
Kashif Mustafa
Executive Director & COO
Kashif Mustafa

Executive Director & COO

Mr. Mustafa has more than eight years of experience working in the financial markets of Pakistan with local & international brokerage houses, and leading Asset Management Companies. Mr. Mustafa’s experience includes; Financial Analysis, Equity Research, Investment Advisory and Business Development. Before Lakson Investments, Mr. Mustafa worked for Askari Investments and Crosby Securities Pakistan Limited as Vice President and Head of Sales & Business Development respectively. He frequently appears on the media and has been featured on Express, Business Plus, CNBC, GEO, PTV, Aaj TV, Sindh TV & KTN. Mr. Mustafa did his graduation in Mathematics and Masters in Economics.
Mustafa O. Pasha, CFA
Head of Investments
Mustafa O. Pasha, CFA

Head of Investments

Mr. Pasha has over seven years of experience in the asset management and investment advisory industry. He did his Bachelors in Economics from McGill University (Montreal, Canada) in 2006 and obtained his CFA charter in 2012.

At Lakson Investments he is responsible for driving out performance of all fixed income portfolios against their respective benchmarks by formulating the investment outlook and implementing strategy through asset allocation. As a member of the Investment Committee he is a key member of the team that develops and executes the investment strategy for both fixed income and equity portfolios.

He was previously associated with BMA where he initially served as a fixed income analyst and later became the in house economist for the entire BMA group. Between 2009 - 2012 he supervised fixed income/money market investments across all mutual funds and institutional/HNW accounts advised by BMA.
Saifullah Kazmi
Head of Equities
Saifullah Kazmi

Head of Equities

Mr. Saifullah has over eight years of experience and currently holds positions of Head of Equities Investments in Lakson Investments Limited. He is a qualified Finance major from Kingston University. He has experience in Emerging and Frontier Financial Markets, with focus in Pakistan, Strong Fixed Income background, with investment strategy and trading experience in instruments including, Government Securities, Corporate Bonds, Banking Products and Islamic Sukkuks.
Hassan Bin Nasir
Head of Fixed Income
Hassan Bin Nasir

Head of Fixed Income

Mr. Bin Nasir has over eight years of experience and currently holds positions of Vice President – Fixed Income in Lakson Investments Limited. He completed his Masters in Business Administration in Finance major from Bahria University, Pakistan. He has immense experience in managing portfolios across Collective Investment Schemes, Separate Managed Accounts with Strong Fixed Income background, investment strategy and trading experience in instruments including, Government Securities, Corporate Debt Securities, Banking Products and Shariah Complaint Corporate Debt Securities.

His favorite quote is:

“The world is a book, and those who do not travel read only one page.” – Saint Augustine
Tayyaba Azeem
Risk Manager
Tayyaba Azeem

Risk Manager

Ms. Azeem is currently working with Research Department at Lakson Investment Limited for coverage of new stocks. She has previously worked at Habib Bank Limited in marketing and product management and also has substantial experience in research consulting and non-profits.

Ms. Azeem has done her MBA (with distinction) from Brandeis University on a Fulbright Scholarship and also has a business administration degree from IBA Karachi.

She likes to travel and read.
Junaid Arshad
Compliance Manager
Junaid Arshad

Compliance Manager

Mr. Arshad an ACCA member, having over 6 years of experience in the asset management industry and currently holds the position of Manager Compliance. He possesses sound knowledge of financial management, tax regulations, financial procedures, and NBFC Rules & Regulations. He was actively involved in system development and implementation during his stay at different organizations. He was previously associated with JS Investments and Alfalah Investments as a finance professional.

Mr. Arshad’s passion is to travel to new and exotic locations. His favorite quote is - “Traveling – it leaves you speechless, then turns you into a storyteller.” – Ibn Battuta

Rating by PACRA

AA

PACRA has maintained the stability rating of the Lakson Money Market Fund (LMMF) at ‘AA (f)’ (Double A – fund rating), an open-end money market fund. The fund’s rating denotes a very strong capacity to manage relative stability in returns and very low exposure to risks.

Click here to read the press release

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* Updated Daily ** Updated Weekly *** Updated Monthly

Performance Analysis: Monthly Returns***

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LMMF vs. Benchmark***

As on October 31, 2017

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As on October 31, 2017

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All returns have been calculated by Morningstar Method.

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Performance Comparison

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Asset Allocation (%)

Credit Split (%)

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As on October 31, 2017

Asset Allocation Instruments (as % of total assets)

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Trustee Fee Details

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Disclaimer

All investments in Mutual Funds are subject to market risks. The NAV of units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. The investors are advised in their own interest to carefully read the Offering Document in particular the investment policies in Clause 2.2 and risk disclosures and warning statements in contained in Clause 2.11 and part 11 in the respective Offering Documents.