Lahore Stock Exchange (LSE) has approved the application for formal listing and quotation of the units of MCB Islamic Income Fund, an open-end fund managed by MCB Asset Management Company Limited.
The Fund will be quoted under open-end fund sector of the Ready Board Quotation of the Exchange w.e.f. June 23, 2011. The investment objective of the MCB-Islamic Income Fund is to generate superior risk-adjusted returns by investing in short, medium and long-term Shariah compliant fixed income instruments………………………………………..Full Article: Source