Islamabad: (Parliament Times) UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–VIII, under the Al-Ameen Islamic Financial Planning Fund – II. This Plan is now open for subscription. The investment policy of Al-Ameen Islamic Active Allocation Plan-VIII (AIActAP-VIII) is approved by Shariah Advisors Mufti Muhammad Hassaan Kaleem and Mufti Muhammad Najeeb Khan. The plan actively allocates investments between Islamic equity and Islamic income/money market mutual funds, based on the Investment Committee’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.
Yasir Qadri, Chief Executive Officer, UBL Funds, said “The Al-Ameen Islamic Active A llocation Plan series has been well received by investors. Al-Ameen Islamic Ac tive Allocation Plan–VIII is the eighth tranche in the series and is an ideal investment avenue for those who wish to take up a potentially high equity exposure.†He further added “With the rapid development of China-Pakistan Economic Corridor (CPEC) and interest of foreign investors in Pakistan, the local financial market has shown quite a positive performance. Right now it is the ideal time for investors to invest especially for a longer period of time. Al-Ameen Islamic Active Allocation Plan–VIII will smartly invest and disinvest between Islamic Equities and Islamic Income / Money Market based mutual funds, based on Investment Committee’s research-backed outlook on asset classes.â€
AIActAP-VIII will be investing in Al-Ameen Islamic Dedicated Equity Fund to take exposure to Equities, while investing in Al-Ameen Islamic Sovereign Fund (AISF) and/or Al-Ameen Islamic Cash Fund (AICF) to take exposure to the Income/Money Markets.
