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Posted 04 January 2007 - 01:29 AM
Posted 05 January 2007 - 12:33 PM
Click Here For: "Daily Reports From Different Brokerage Houses"
Note: Please make your own due diligence before making any decision
Abdul Mateen Khan
Posted 20 January 2008 - 02:09 PM
Posted 20 January 2008 - 08:33 PM
United Composite Islamic Fund (UCIF)
Posted 09 February 2008 - 08:26 AM
UBL Fund Managers have announced financial results for the funds under their management for the half-year ended December 31, 2007. The results highlight the positive and consistent performance of the funds in their respective categories.
Total assets under management of UBL Fund Managers increased by 40 percent during the six-month period, and the company is now managing five open end mutual funds with an asset base of over Rs 33 billion.
The performance of the funds showed United Money Market Fund (UMF), Pakistan's first money market and 'No Load' fund, giving a return of 9 percent per annum during the period while witnessing a growth of 7 percent in terms of AUM. United Growth & Income Fund (UGIF), on the other hand, showed an impressive increase of 54 percent in terms of AUM, closing the year at an asset size of Rs 17.62 billion. UGIF gave a return of 9.09 percent per annum for the period under review.
On the equity side, United Stock Advantage Fund (USF) witnessed an increase of 74 percent in AUM as compared to June 2007. The fund announced a net yield of 2.24 percent to its unit holders and performed in line with the benchmark, KSE-100 index (up to 2.21 percent).
As for UBL Funds' Ameen Islamic Fund Series, United Composite Islamic Fund (UCIF) was an outstanding performer, beating the benchmark by 63 bps and presenting an increase of 9 percent in fund size as compared to June 2007. The yield for the half-year was 2.86 percent.
As for United Islamic Income Fund (UIIF), the more recently launched fund, it received an overwhelming response from investors giving a return of 8.20 percent per annum. The fund beat its benchmark by 94 bps since its public launch in October 2007.
The company enjoys the position of being the largest asset management company in the open-end funds category in the private sector. UBL Fund Managers also announced the launch of its first closed-end fund, UBL Capital Protected Fund-I (UCPF-I) for public subscription towards the end of the month. The fund will be available exclusively at all UBL branches and UBL Fund Managers Investment Centers.-PR
Mudassir Javed Khan
Posted 09 February 2008 - 11:52 AM
does UBL have any funds listed on KSE?