Islamabad: (Parliament Times) The Fund Stability Rating of UBL Fund Managers (UBL Funds) Collective Investment Scheme UBL Growth and Income Fund (UGIF) (Category: Aggressive Fixed Income Scheme) has been upgraded to ‘A’(f) (Single A (f)) from ‘BBB+(f)’ (Triple B Plus (f)) by JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) on March 10th, 2017.
UGIF offers investment opportunity in long-term investment instruments that do not have any exposure to the stock market. The revision in rating incorporates adoption of a more prudent investment policy with minimum threshold defined for credit risk and weighted average duration of the fund.
UGIF is exposed to Term Finance Certificates (TFC) and comparing to stock market based investment schemes, UGIF offers a less volatile investment avenue for investors seeking long-term saving programs.
Trending
- Excel Lab is considered one of the best laboratories in Pakistan: Prof. Dr. Salman
- CISS-Isb pays a visit to the Centre for International Strategic Studies Azad Jammu and Kashmir
- PWCT arrives in London for the upcoming T20 and ODI series against England
- Chief Justice Lahore High Court Mr. Justice Malik Shahzad Ahmed Khan visits LHRB
- Privatization Commission extends 15 days for privatization of PIA: FM Abdul Aleem Khan
- Federal Minister visits Skardu to inspect Landslide
- Government would not compromise on the protection of life, honor, and dignity of citizens: PM AJK
- Evernew Studio becomes a headache for female artists