LAHORE: UBL Fund Managers Limited (UBL Funds) received two awards at the IPO Market Development Summit organized by South Asian Federation of Exchanges Pakistan (SAFE)at a ceremony held here.
UBL Fund Managers, one of the leading asset management companies in Pakistan and a subsidiary of UBL Bank, claimed their awards in two major categories at the summit. The first category was of “Islamic Instrument IPO Award – 2014”; and the other category was “Maximum Mutual Fund IPOs Award – 2014.” Earlier in 2013, UBL Funds had also won the Most IPO’s launched award at the Pakistan IPO Summit in February 2014.
UBL Funds launched 3 Islamic Instrument IPO’s in 2014 raising over PKR 4.5 Bn in AUM. This is a distinct achievement for an Asset Management Company for which they received the award for Islamic Instrument IPO award 2014. The funds launched include, Al Ameen Islamic Principal Preservation Fund –III (AIPPF-III) (inception date: 20.6.14), Al Ameen Islamic Principal Preservation Fund –IV (AIPPF-IV (Inception date: 16.10.14) and Al Ameen Islamic Principal Preservation Fund – V (AIPPF-V) (Inception date: 26.12.14).
The second award conferred upon UBL Funds was for launching the Maximum Mutual Fund IPO s in 2014. UBL Funds launched four new Mutual Funds IPOs in 2014 raising a cumulative amount of PKR 6 Billion. The funds launched under this category include – UBL Principal Protected Fund – III (UPPF-III ) (Inception date: 6.3.14), Al Ameen Islamic Principal Preservation Fund –III AIPPF-III (Inception date: 20.6.14), ), Al Ameen Islamic Principal Preservation Fund –IV (AIPPF-IV) (Inception date: 16.10.14) and Al Ameen Islamic Principal Preservation Fund – V (AIPPF-V) (Inception date: 26.12.14).
Speaking of the occasion, Mir Muhammad Ali, CEO UBL Funds, said “It is a great honor for us to have received these awards. We are extremely grateful to our investors for placing their trust in us and endeavor to continue reaching new heights whilst keeping our investors needs at the forefront of our business decisions whilst also keeping the larger objective of economic growth effort in Pakistan.”
He further added that “This achievement encourages us to continue adding to our product portfolio. It also indicates that investors in Pakistan have an appetite for unique products and have diverse investment needs. We at UBL Funds strive to fulfill the needs of our investors. ”
Both the Islamic Instrument IPO and the Maximum Mutual Fund IPO Awards reflect UBL Funds agility in product development and their commitment to meeting demands of their customers. The Company is a pioneer in launching the internationally renowned CPPI based principal protected funds in Pakistan and has a sound and professional track record of over 14 years as one of the leading Asset Management Companies in Pakistan.