AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, January 13, 2017 (PPI-OT): UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–VII, under the Al-Ameen Islamic Financial Planning Fund – II. This Plan is now open for subscription.
The investment policy of Al-Ameen Islamic Active Allocation Plan-VII (AIActAP-VII) is approved by Shariah Advisors Mufti Muhammad Hassaan Kaleem and Mufti Muhammad Najeeb Khan.
The plan actively allocates investments between Islamic equity and Islamic income/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, UBL Funds, said “The Al-Ameen Islamic Active Allocation Plan series has been well received by investors. Al-Ameen Islamic Active Allocation Plan–VII is the seventh tranche in the series and is an ideal investment avenue for those who wish to take up to 100% exposure to equities.” He further added “With the rapid development of China-Pakistan Economic Corridor (CPEC) and interest of foreign investors in Pakistan, the local financial market has shown quite a positive performance. Right now it is the ideal time for investors to invest especially for a longer period of time. Al-Ameen Islamic Active Allocation Plan–VII will smartly invest and disinvest between Islamic Equities and Islamic Income / Money Market based mutual funds, depending on the Fund Manager’s outlook on asset classes.”
AIActAP-VII will be investing in Al-Ameen Islamic Dedicated Equity Fund to take exposure to Equities, while investing in Al-Ameen Islamic Sovereign Fund (AISF) and/or Al-Ameen Islamic Cash Fund (AICF) to take exposure to the Income/Money Markets.
For more information, contact:
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