PAKISTAN, Karachi, October 2017: UBL Fund Managers Limited (UBL Funds) announced the launch of Al-Ameen Islamic Active Allocation Plan–X under Al-Ameen Islamic Financial Planning Fund – II. This Plan is now open for subscription.
The investment policy of Al-Ameen Islamic Active Allocation Plan-X (AIActAP-X) is approved by Shariah Advisors; Mufti Muhammad Hassan Kaleem and Mufti Muhammad Najeeb Khan. The plan actively allocates investments between Islamic Equity and Islamic Income/Money Market mutual funds, based on the Fund Manager’s 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.
Yasir Qadri, Chief Executive Officer, UBL Fund Managers, said “The Al-Ameen Islamic Active Allocation Plan series has been well received by investors. Al-Ameen Islamic Active Allocation Plan–X is the tenth tranche in the series and is an ideal investment avenue for those who wish to take up to 100% exposure to equities.” He further added “With the rapid development of China-Pakistan Economic Corridor (CPEC) and interest of foreign investors in Pakistan, the local financial market has shown quite a positive performance. Right now it is the ideal time for investors to invest especially for a longer period of time. Al-Ameen Islamic Active Allocation Plan–X will smartly invest and disinvest between Islamic Equities and Islamic Income / Money Market based mutual funds, depending on the Fund Manager’s outlook on these asset classes.”
AIActAP-X 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 Fund Managers has been offering its products and services to investors in Pakistan for over a decade and since 2011 has presence in the Middle East as well. With AUMs of PKR 70Bn as of September 30, 2017, UBL Fund Managers 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 is currently the highest management quality rating assigned to any AMC 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 investment policies and risks involved. Withdrawal from pension funds before retirement shall have tax implications.
No related posts.