UBL Principal Protected Fund 2 launched

After the successful introduction of UBL Principal Protected Fund 1(UPPF-1) and the UBL Islamic Principal Preservation Fund 1 (UIPPF-1), UBL Funds has launched another fund under the principal protected series by the name of UBL Principal Protected Fund 2 (UPPF 2). The IPO for investing in this fund begins from July 15 till July 17.
With UPPF 2, investors can benefit from up to 100 percent exposure to equity market while ensuring that their principal amount remains protected. Historically we have seen that the equity market has been among the best performing investment avenues with an absolute return of 517 percent over the last ten years (from 1st July 2003 to 30th June 2013). With a term period of two years, investment in this fund can be initiated with just Rs 10,000. UPPF2 employs Constant Proportion Protection Insurance (CPPI) methodology, which was introduced for the first time in Pakistan by UBL Funds, for onward investments.-PR