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Lahore, August 25, 2014 (PPI-OT): UBL Fund Managers has been consistently delivering on its promise of innovative products, competitive returns and excellence in services; as one of the leading Asset Management Companies in Pakistan.
After the successful launch of three preceding Islamic Principal Preservation Funds, UBL Funds now presents Al-Ameen Islamic Principal Preservation Fund IV (AIPPF-IV) – a Shariah Compliant Fund of Funds Scheme for Shariah conscious investors who are looking for 100% Halal investment avenues, exposure to equities and the safety of principal preservation. AIPPF-IV will be open for subscription for a limited time only and will mature in 2 years.
UBL Fund Managers introduced the CPPI series in Pakistan in 2012 using the fund management methodology of international standards. Since then, three Conventional and three Islamic Funds have been launched under this series with AIPPF-IV being the fourth in the Islamic category.
Mr. Mir Mohammad Ali, CEO of UBL Fund Managers at the fund launch stated, “The AIPPF Fund series has been a huge success with our investors. AIPPF-IV is an ideal fund for investors looking to invest in Shariah compliant products with capital protection and competitive returns. The investment provides added benefit of tax rebate on a two year holding period.
The confidence of our investors is evident from the fact that every consecutive tranche has seen an increase in invested volume from Rs. 733Mn in AIPPF-I (formerly UIPPF-I) to Rs. 983 Mn in AIPPF-II (formerly UIPPF-II) to Rs. 2,220 Mnin AIPPF III. This customer confidence reinforces our belief in the demand of the Principal Preservation Series.”
He further added, “This fund is an ideal avenue for investors looking to invest in Shariah compliant products with capital protection and competitive returns. Since it is has a maturity of two years hence it proves to be a right fit for investors who intend to avail tax rebate on mutual fund investments”
AIPPF-IV’s predecessors, namely Al-Ameen Islamic Principal Preservation Funds (formerly UBL Islamic Principal Preservation Funds) I, II and III will mature in April, November 2015 and June 2016 respectively.
Managed under the supervision of Shariah Advisors; Mufti Mohammad Hassaan Kaleem and Mufti Muhammad Najeeb Khan, this fund will be investing in the Al-Ameen Shariah Stock Fund to take exposure in Equities, while Al-Ameen Islamic Sovereign Fund and Al-Ameen Islamic Cash Fund will be used to take exposure in Fixed Income or Money Market Instruments.
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 an AUM of Rs. 47.8 Billion as of July-end 2014, UBL Fund Managers is one of the leading Asset Management Companies in Pakistan.It has also been given the prestigious High Management Quality Rating of AM2 by JCR-VIS Credit Rating Company.
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
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