JCR-VIS Credit Rating Company has maintained performance ranking of MFR 4-star to the United Stock Advantage Fund (USF) denoting 'good performance' vis-a-vis other open end equity funds, says a press release. USF is an open end equity fund managed by UBL Fund Managers, Pakistan leading Asset Management and Investment Advisory Company.
The '4-Star' ranking is based on the past one-year performance of the fund. Despite the recent volatility in the stock market, USF has managed to outperform the KSE-100 Index. According to the "Fund Performance Rankings" released by JCR-VIS, the United Stock Advantage Fund (USF) ranks amongst the top three rated-funds in the open end equity fund category and has maintained its 4-star rating during the year when a number of other equity funds had their ratings revised downwards.
The rating provides a useful yardstick to existing and potential investors and helps facilitate their investment decision. United Stock Advantage Fund (USF) was launched in August 2006 and was the first equity fund introduced by UBL Fund.
The objective of the Fund is to maximise total returns and outperform the KSE-100 Index benchmark by investing in a combination of securities offering long-term capital gains and dividend yield potential. The company enjoys a 'High Management Quality Rating of AM2- from JCR-VIS, signifying a team of qualified personnel and the management's initiatives to streamline operations.-PR
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