UBL Fund Managers Limited, one of the leading asset management companies in Pakistan, announced the first interim payout from its scheme, UBL Equity Plus Fund (ULPF) for the period from July 01, 2010 to September 29, 2010. According to a press release issued here, a payout of Rs 2.51 per unit of pay value of Rs 100 from ULPF has been announced.
The Unit Holders holding 100 units as at September 29, 2010 will get 2.5085 units of the ex-dividend price of Rs 100.1336 per unit. This is the first interim payout announced from the fund for the financial year 2010-11. The ULPF is an open-end money market scheme that offers an ideal short-term avenue for placement of cash. The fund has yielded a return of 10.99 percent per annum for the period from July 01, 2010 to September 29, 2010.
ULPF is currently the largest open-end money market scheme in Pakistan. UBL Fund Managers is a wholly owned subsidiary of United Bank Limited and is currently managing assets of over Rs 20 billion. The company is going to launch its new Income Scheme, UBL Saving Income Fund (USIF) in the coming week.-PR
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