The Chief Executive on behalf of the Board of Directors of Arif Habib Investments Limited (AHI)--the Management Company--has announced monthly dividends for two of its funds. Pakistan Income Enhancement Fund (PIEF) has announced an interim dividend of Re 0.43 per unit.
An investor holding 100 units as of 25th January 2011 will get 0.8466 units on the ex-bonus price of Rs 50.79 per unit, the proportionate application to actual holdings. The highest rated money market fund, Pakistan Cash Management Fund (PCF) has announced a bonus distribution of Re 0.42 per unit.
An investor holding 100 units as of 25th January 2011 will get 0.8347 units on the ex-bonus price of Rs 50.3193 per unit, the proportionate application to actual holdings. The entitlements are paid to the Unit holders whose names appeared in the register of unit holders on 25th January 2011.
PIEF delivered annualised YTD (year-to-date) return of 9.68 percent against the industry average of -4.30 percent in Aggressive Income Funds Category, translating into an outperformance of 13.98 percent against its peer group and PCF delivered annualised YTD (year-to-date) return of 11.41 percent against the industry average of 10.99 percent in money market category, translating into an outperformance of 0.42 percent against its peer group (as of 26th January 2011). Such returns in both funds have been achieved with highest credit quality portfolios and proactive fund management strategy. AHI's fund management team includes specialists for each sub asset class.-PR