Lakson Islamic Tactical Fund (Formerly: Lakson Asset Allocation Emerging Markets Fund)

Investment Objective


The investment objective of the Lakson Asset Allocation Emerging Markets Fund is to provide long-term capital appreciation by investing in a mix of domestic debt and emerging market securities.


Investor Profile


Retail, Institutional and High Net Worth Investors who want to take an exposure in the Emerging Markets.


Category- Asset Allocation


The LITF can invests up to 100% of the assets in domestic debt markets, and up to 30% (or USD 15 Million) in international emerging markets.

Returns as at August 31, 2017


 
6 Months
CY-17 - YTD
FY17-YTD
LITF
-4.85%
-4.72%
-6.58%
Benchmark
-9.21%
-8.41%
-7.19%

For Past three months3


 
Aug - 17
Jul - 17
Jun - 17
LITF
-6.86%
0.30%
-2.85%
Benchmark
-7.76%
0.62%
-4.77%

 

Investment Commitee

Babar Ali Lakhani Chairman
Kashif Mustafa
Mustafa O. Pasha, CFA
Saifullah Kazmi
Junaid Arshad
Tayyaba Azeem
Hassan Bin Nasir

 

Rating

 

3 Star

(JCR-VIS) has assessed the fund performance rankings of Lakson Islamic Tactical Fund for the one year period ended 30 June 2017.

 

Key Fund Details
Fund Type Open-End
Category Asset Allocation Fund
Net Assets3
(PKR Mil.)
166
NAV (09/19/2017) 106.3787
Pricing Mechanism Forward day
Trustee CDC Pakistan Limited
Auditor BDO Ebrahim & Co.
Management Fee 10% of the Gross Earnings of the Scheme, calculated on a daily basis. The fee is subject to a minimum of 1% and maximum of 2% of the average annual net assets of the Scheme.
Front End Load 2.50%
Back End Load None
Launch Date Oct 10, 2011
Benchmark

Weighted average daily return of KMI-30 Index, 6M deposit rates of three A rated Islamic Banks or Islamic windows of Conventional Banks and MSCI Emerging Markets Islamic Index based on the scheme's actual proportion in the equity,dept and emerging market securities.

Dealing Days Mon - Fri
Cut-Off Time 04:00 PM
Risk Profile Medium Risk
Asset Manager Rating AM2+ by PACRA (15.05.2017)


1 Update Daily
2 Updated Weekly
3 Updated Monthly