UBL Funds Announces the launch of Al-Ameen Islamic Active Allocation Plan – VI

Islamabad, September 28, 2016 (PPI-OT): UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–VI, under the Al-Ameen Islamic Financial Planning Fund. This Plan is now open for subscription.

The investment policy of Al-Ameen Islamic Active Allocation Plan-VI (AIActAP-VI) is approved by Shariah Advisors Mufti Muhammad Hassaan Kaleem and Mufti Muhammad Najeeb Khan.

The plan actively allocates investments between shariah-compliant equity, income, and 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 of UBL Funds, said, “The Al-Ameen Islamic Active Allocation Plan series has been well-received by investors and has a combined initial size of PKR 9.5bnfor the first five Al-Ameen Islamic Active Allocation Plans. Al-Ameen Islamic Active Allocation Plan–VI is a continuation of the series and is an ideal investment avenue for those who wish to take up to 100% exposure to equities, but are unaware in which stocks to invest.”He further added, “Our equity market is being globally recognized as better performing than established neighbouring markets and many other markets around the world. This shows the potential of our financial markets and gives us the confidence to offer such Plans, which may prove highly profitable for our investors. Keeping in view market performance and further potential going forward, we are confident that AIActAP-VI will also be a success. UBL Funds is also the pioneer in launch of CPPI-based Funds based on an internationally-renowned strategy in Pakistan and we strive to pass on a return that will beat inflation so that our investors may look forward to a better financial future.”

AIActAP-VI will be investing in Al-Ameen Islamic Dedicated Equity Fund (AIDEF)to take exposure to equity market, while investing in Al-Ameen Islamic Sovereign Fund (AISF) and/or Al-Ameen Islamic Cash Fund (AICF) to take exposure to the income and money markets.

For more information, contact:
Raeda Latif
Head of Marketing and Alternative Distribution Channels
UBL Fund Managers Limited
4th Floor, STSM Building,
Beaumont Road,
Karachi
Tell: +92-21-111-825-262 Ext. 161
Fax: +92-21-35622793
Cell: +92-300-8251222
Email: rlatif@ublfunds.com