LSE approves listing of Habib cash fund


LAHORE – The Lahore Stock Exchange (LSE) has approved the application for formal listing and quotation of the units of First Habib Cash Fund, an open end fund managed by Habib Asset Management Ltd. The fund will be quoted under ‘Open-End Fund’ sector of the Ready Board Quotation of the Exchange with effect from today.
First Habib Cash Fund is managed by Habib Asset Management Limited with aiming to provide its unit-holders competitive returns from a portfolio of low risk, short duration assets while maintaining high liquidity. The performance benchmark for the Fund is an average of ‘three month PKRV rate’ as available through Reuters and Financial Markets Association of Pakistan (FMA).