UBL Fund Managers Limited, one of the leading asset management companies in Pakistan, announced the first interim payout from its scheme, UBL Liquidity Plus Fund (ULPF) for the period from July 1, 2010 to September 29, 2010.
A payout of Rs. 2.51 per unit of par value of Rs. 100 from ULPF has been announced. Unit Holders holding 100 units as at September 29, 2010 will get 2.5085 units on the ex-dividend price of Rs. 100.1336 per unit. This is the first interim payout announced from the fund for the financial year 2010-2011.
ULPF is an open-end money market scheme that offers an ideal short-term avenue for placement of cash. The fund has yielded a return of 10.99% p.a. for the period from July 1, 2010 to September 29, 2010.
UBL Fund Managers is a wholly owned subsidiary of United Bank Limited and is currently managing assets of over Rs. 20 billion.