United Stock Advantage Fund (USF), the open-end stock fund managed by UBL Fund Managers, has been awarded with an MFR “5-Star” Ranking for a 1-year period ended June 30, 2011. The ranking has been awarded by JCR-VIS Credit Rating Company.
An MFR “5-Star” Ranking denotes “Very Good Performance” given by the scheme over a period of 1-year, categorizing United Stock Advantage Fund (USF) in the top 10% performance tier amongst all equity schemes in the country. The 1-year return given by the scheme to its investors for FY 2010-11 was 35.58%. During the same period, the benchmark of the scheme, gave a return of 27.40%.
Launched in 2006, United Stock Advantage Fund (USF) offers investors the opportunity to invest in the stock market and benefit from the potential that the market has to offer. The scheme also offers exposure to international markets, allowing diversification of investors’ portfolio across sectors, regions and geographical boundaries.
UBL Fund Managers is currently managing assets of over Rs. 31.6 billion on behalf of its investors, and enjoys a “High Management Quality” Rating of “AM2” by JCR-VIS Credit Rating Company.