United Bank Limited (UBL) Fund Managers Limited has launched their first equity fund - United Stock Advantage Fund (USF) and the Initial Public Offering (IPO) will begin from July 27 till August 1, (both days inclusive).
According to a press release here on Monday, investors can purchase USF units at par value of Rs 100 with zero sales load with minimum investment size per investor of Rs 5,000 only.
UBL Fund Manager's USF is an open ended equity fund that aims to provide investors with a competitive and superior alternative to direct investment in the stock market. This is the third fund, which has been added under the UBL Fund Mangers umbrella.
Presently their fixed income series has two funds, which are United Money Market Fund and United Growth and Income Fund, which were respectively launched more than three years ago and five months ago respectively.-PR
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