PAKISTAN, Karachi, 5 July 2017: UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–IX, under the Al-Ameen Islamic Financial Planning Fund – II. This Plan is now open for subscription.
The announcement of the launch was made after the Record-Breaking closing of their eighth tranche of the Islamic Active Allocation Series, the Al-Ameen Islamic Active Allocation Plan-VIII, with a closing IPO of over Pkr.5.3 billion – making it the most successful Islamic Active Allocation Plan in the country to date*.
The investment policy of Al-Ameen Islamic Active Allocation Plan-IX (AIActAP-IX) is approved by Shariah Advisors Mufti Muhammad HassaanKaleem and Mufti Muhammad Najeeb Khan. The plan actively allocates investments between Islamic equity and Islamic income/money market mutual funds, based on the Investment Committee’s research-backed outlook on these asset classes, with an aim to achieve potentially high returns. The Plan has a term of two years and is ideal for investors who wish to benefit from the equity market and desire active management of their investment portfolios.
YasirQadri, Chief Executive Officer, UBL Funds, said “The Al-Ameen Islamic Active Allocation Plan series has been well received by investors. Al-Ameen Islamic Active Allocation Plan–IX is the ninth tranche in the series and is an ideal investment avenue for those who wish to take up a potentially high equity exposure.” He further added “Right now it is the ideal time for investors to invest especially for a longer period of time. Al-Ameen Islamic Active Allocation Plan–IX will smartly invest and disinvest between Islamic Equities and Islamic Income / Money Market based mutual funds, based on Investment Committee’s research-backed outlook on asset classes.”
AIActAP-IX will be investing in Al-Ameen Islamic Dedicated Equity Fund to take exposure to Equities, while investing in Al-Ameen Islamic Sovereign Fund (AISF) and/or Al-Ameen Islamic Cash Fund (AICF) to take exposure to the Income/Money Markets.
About UBL Fund Managers Limited:
Established in 2001 and regulated by the Securities and Exchange Commission of Pakistan. UBL Funds has been offering its products and services to investors in Pakistan for over a decade and a half and since 2011 has presence in the Middle East as well. With AUMs of PKR 73.9bn as of May 31st 2017, UBL Funds is one of the leading Asset Management Companies in Pakistan. It has also been given the High Management Quality Rating of AM2++ by JCR-VIS Credit Rating Company which connotes a high management quality rating assigned to AMCs in Pakistan.
Disclaimer: All investments in mutual funds & pension funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Document(s) to understand inv