Tuesday, May 6, 2008, Rabi-ul-Sani 29, 1429    

UBL Funds invests more in overseas markets

Staff Reporter

Islamabad—UBL Fund Managers, one of Pakistan’s largest Asset Management Company in the private sector, has increased its exposure in the overseas markets giving investors in Pakistan the opportunity to capitalize on the investment potential available globally. Through investment in international markets, UBL Fund Managers has been able to spread the assets of its funds across various asset classes and markets providing greater value to investors.

Investors in Pakistan can avail the benefits offered by global markets by investing in United Composite Islamic Fund (UCIF). UBL Fund Managers is currently managing six funds with assets under management exceeding Rs.33 billion and is offering a range of Islamic Shariah Compliant products to individual and institutional investors in Pakistan and UAE.

United Composite Islamic Fund (UCIF) – a multi asset Shariah Compliant Fund is the first fund under the UBL Funds umbrella to offer exposure to overseas markets. UCIF has recently increased its exposure in regional and global Shariah Compliant equity funds that are being managed by a globally recognized Investment Manager. UCIF has given more than 28% return since its inception in December 2006 and with a calendar year return of 18% in 2007.

Mir Muhammad Ali CFA, CEO, UBL Fund Managers, commented on the occasion saying that, “In line with its policy of yield enhancement along-with risk diversification, UBL Funds has increased its exposure in international markets which provides a unique opportunity for all investors to tap into the vast potential available in the global markets”. He further added that, “Due to excessive beating taken by global markets due to the sub prime debt issue the investment opportunities available overseas, especially in GCC and global emerging markets are more than attractive. Investors can now benefit from the diversification of their investments not just across companies and sectors in Pakistan but also across countries and continents throughout the world.”