The board of directors of Faysal Asset Management Limited has approved 12.75 percent final dividend as bonus units from distributable profits of Faysal Income & Growth Fund (FIGF) for the full year ended June, 30 for unit holders. FIGF is the best performing hybrid income fund in Pakistan and has been beating its performance benchmark of six months KIBOR by a clear two percent.
The board also approved 18 percent final dividend as bonus units from distributable profits of Faysal Balanced Growth Fund (FBGF) for the full year ended June 30 to the unit holders. FBGF is one of the leading performers in balanced category and has recorded 68.7 percent since its inception return as of June 30. The board also approved 1.25 percent final dividend as bonus units from distributable profits of Faysal Savings Growth Fund (FSGF).
The fund was launched in May 12 and this dividend distribution covers 48 days only. The fund has an annualised return of 10.42 percent and has been beating its performance benchmark of 30 days KIBOR by one percent.-PR
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