UBL Fund Managers which is the largest asset management company operating in private sector open-end funds, has announced the financial results for the first quarter ended September 30, 2007. With Assets under Management (AUM) of over Rs 32 billion, UBL Fund Managers has placed itself amongst the fastest growing asset management companies in Pakistan.
The financial results show the quarterly performance of United Money Market Fund (UMF), United Growth & Income Fund (UGIF) United Stock Advantage Fund and (USF) United Composite Islamic Fund (UCIF). United Money Market Fund (UMF) size has increased to Rs 11.79 billion representing an increase of over 20 percent from June 2007.
The fund generated a yield of 9.05 percent pa and earnings per unit of Rs 2.33 for the quarter ended September 30, 2007. The fund size of United Growth & Income Fund (UGIF) has increased to Rs 15.2 billion, showing an increase of over 32 percent as compared to June 2007. UGIF produced returns of 9.27 pa translating into earnings per unit of Rs 2.41 for the period under review. United Stock Advantage Fund (USF) size represents an increase of over 58 percent over June 2007.-PR
Comments
Comments are closed.