August 05, 2006	Saturday	Rajab 9, 1427

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ISLAMABAD, Aug 4: Speakers at a seminar were of the view that the interest of general public towards investment in the mutual funds management illustrated that this area had immense potential to grow further.

“Mutual funds provide investors of all types with an opportunity to access the Pakistani capital market with the help of professional experts.

“Funds operators are also becoming more competitive and flexible and are offering wide range of funds,” they said while speaking at the seminar on “Funds management”, organised by the Institute of Cost and Management Accountants of Pakistan (ICMAP).

Army Welfare Trust (AWT) managing director Lt-Gen (retired) Zarrar Azim was the chief guest.

The experts said mutual fund industry’s growth depended on the retail investors and, therefore, it was important to target them.

They said retail investors’ awareness and education was very important and the investors should be educated about the risk factors and different products.

AWT chief operating officer Kashif Mateen Ansari said these types of seminars were the best tools available for creating awareness among small investors.

He emphasised that it was the ethical and moral responsibility of fund managers to keep money and capital markets fair and transparent.

Earlier, ICMAP Branch Council chairman Jawaid Qasir welcomed the participants, whereas ICMAP vice-president Muteeur Rehman offered the vote of thanks.