The Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, approved the final distribution of bonus for the financial year ended June 30, 2010 for its Atlas Money Market and (AMF), Atlas Income Fund (AIF), Atlas Islamic Income Fund (AIIF), Atlas Stock Market Fund (ASMF) and Atlas Islamic Stock Fund (AISF) on Friday.
For Atlas Money Market Fund (AMF), AA(f) rated by PACRA, (launched on 20th January 2010), the Board approved a bonus of Rs 13.50 per unit (2.70 percent on the face value of Rs 500 per unit). The total payout for the year ended 2010 comes out to be 4.90 percent. AMF, which has reached an AUM size Rs 1.4 billion, gave an annualised return of 10.45 percent.
For Atlas Income Fund (AIF), A+(f) rated by PACRA, a final distribution of bonus of Rs 8.00 per unit (1.60 percent on the face value of Rs 500 per unit) was approved. The total payout for the year ended 2010 comes out to be 9.35 percent. For Atlas Islamic Income Fund (AIIF), AA-(f) rated by PACRA, a final distribution of bonus of Rs 10 per unit (2 percent on the face value of Rs 500 per unit) was approved. The total payout for the year ended 2010 comes out to be 9.25 percent.
For Atlas Stock Market Fund (ASMF) a final distribution of bonus of Rs 125 per unit (25 percent on face value of Rs 500 per unit) was approved. For Atlas Islamic Stock Fund (AISF) a final distribution of bonus of Rs 200 per unit (40 percent on value of Rs 500 per unit) was approved.
Atlas Asset Management Limited (AAML), manages mutual funds, pension funds and various investment plans. AAML is headed by an industry veteran, Habib ur Rehman, who also currently serving as Chairman, Mutual Fund Association of Pakistan (MUFAP).-PR
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