The Pakistan Credit Rating Agency (Pacra) has assigned a four-star fund rating (Category: Money Market Fund) to United Money-Market Fund, which reflects good performance relative to its peers. The rating is a composite measure of three factors namely: returns, risk associated with the returns measured by Sharpe Ratio, and credit quality of the assets.
For computing return and risk, the performance of the fund during 12 monthly periods ended on June 30, 2006 has been considered and the credit quality has been evaluated based on the asset composition on that date.-PR