UBL Fund Managers launch 4th Islamic Principal Preservation Fund

ISLAMABAD (INP):   UBL Fund Managers has been consistently delivering on its promise of innovative products, competitive returns and excellence in services; as one of the leading Asset Management Companies in Pakistan.

After the successful launch of three preceding Islamic Principal Preservation Funds, UBL Funds now presents Al-Ameen Islamic Principal Preservation Fund IV (AIPPF-IV) – a Shariah Compliant Fund of Funds Scheme for Shariah conscious investors who are looking for 100% Halal investment avenues, exposure to equities and the safety of principal preservation. AIPPF-IV will be open for subscription for a limited time only and will mature in 2 years.

UBL Fund Managers introduced the CPPI series in Pakistan in 2012 using the fund management methodology of international standards. Since then, three Conventional and three Islamic Funds have been launched under this series with AIPPF-IV being the fourth in the Islamic category.

Mir Mohammad Ali, CEO of UBL Fund Managers at the fund launch stated, “The AIPPF Fund series has been a huge success with our investors. AIPPF-IV is an ideal fund for investors looking to invest in Shariah compliant products with capital protection and competitive returns. The investment provides added benefit of tax rebate on a two year holding period. The confidence of our investors is evident from the fact that every consecutive tranche has seen an increase in invested volume from Rs. 733Mn in AIPPF-I (formerly UIPPF-I) to Rs. 983 Mn in AIPPF-II (formerly UIPPF-II) to Rs. 2,220 Mnin AIPPF III. This customer confidence reinforces our belief in the demand of the Principal Preservation Series.”

 

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