UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan-VI, 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-VI (AIActAP-VI) is approved by Shariah Advisors Mufti Muhammad Hassaan Kaleem and Mufti Muhammad Najeeb Khan.
The plan actively allocates investments between shariah-compliant equity, income, and money market mutual funds, based on the Fund Manager's outlook on these asset 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. YasirQadri, Chief Executive Officer of UBL Funds, said, "The Al-Ameen Islamic Active Allocation Plan series has been well-received by investors and has a combined initial size of PKR 9.5bnfor the first five Al-Ameen Islamic Active Allocation Plans. Al-Ameen Islamic Active Allocation Plan-VI is a continuation of the series and is an ideal investment avenue for those who wish to take up to 100% exposure to equities, but are unaware in which stocks to invest." He further added, "Our equity market is being globally recognised as better performing than established neighbouring markets and many other markets around the world. This shows the potential of our financial markets and gives us the confidence to offer such Plans, which may prove highly profitable for our investors. Keeping in view market performance and further potential going forward, we are confident that AIActAP-VI will also be a success.-PR