UBL Funds announces launch of Al-Ameen Islamic Active Allocation Plan-V

UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan-V, under the Al-Ameen Islamic Financial Planning Fund. This plan is now open for subscription. The investment policy of Al-Ameen Islamic Active Allocation Plan-V (AIActAP-V) is approved by Shariah Advisors - Mufti Muhammad Hassaan and Mufti Muhammad Najeeb Khan.
The plan actively allocates investments between Islamic equity and Islamic income/money market classes with an aim to achieve potentially high returns. The plan has a term of two years and is ideal for investors who wish to benefit from the equity market and desire active management of their investment portfolios. Yasir Qadri, Chief Executive at UBL Funds, said, "The Al-Ameen Islamic Active Allocation Plan series has been well received by investors with combined initial size of Rs 7.6 billion for the first four Al-Ameen Islamic Active Allocation Plans. Al-Ameen Islamic Active Allocation Plan-V is the continuation of the series and is an ideal investment avenue for those who wish to take up to 100 percent exposure to equities."
He further added, "The recent decision of MSCI to upgrade its Pakistan Index to Emerging Market Index has enhanced the confidence of local and global investors in the financial market of the country. Although PSX faced some volatility at the start of 2016 amidst turmoil in regional markets, the progress till now is appreciative. Such positive developments will definitely increase the interest of investors, even for those who are hesitant to invest in stocks. Al-Ameen Islamic Active Allocation Plan-V will smartly invest and disinvest between Islamic Equities and Islamic Income/Money Market based mutual funds, depending on the Fund Manager's outlook on asset classes." AIActAP-V will be investing in Al-Ameen Islamic Dedicated Equity Fund to take exposure to equities, while investing in Al-Ameen Islamic Sovereign Fund (AISF) and/or Al-Ameen Islamic Cash Fund (AICF) to take exposure to the Income/Money Markets.-PR