Al-Ameen Islamic Principal Preservation Fund III Launched

Karachi, May 07, 2014 (PPI-OT): UBL Fund Managers has been consistently delivering upon its promise of innovative products, competitive returns and excellence in services; as one of the leading asset Management Company in Pakistan.

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

This CPPI (Constant Proportion Portfolio Insurance) based Fund-of-Funds series, equipped with fund management methodology of international standards; pioneered the availability of Principal Preservation Funds in Pakistan in 2012. Since then, three conventional and two Islamic Funds have been launched under this series, with AIPPF-III being the third.

CEO of UBL Fund Managers; Mir Muhammad Ali, at the pre IPO launch stated, “AIPPF-III is an ideal fund for investors, who want to benefit from exposure to equities without the risk of losing their principal investment, and at the same time benefit from 100% Shariah Compliant Investments.”

He further mentioned, “The fund has a tenure of two years and from that perspective poses to be a good option to invest in and avail the Tax Rebate benefit also”

Al Ameen Islamic Principal Preservation Fund I and II will mature in April and November 2015 respectively and have already locked in 29.98% and 13.05% (As of 15th April 2014) in returns. Managed under the supervision of Shariah Advisors; Mufti Mohammad Hassaan Kaleem and Mufti Muhammad Najeeb Khan, this fund will be investing in the Al-Ameen Shariah Stock Fund to take exposure in Equities, while Al-Ameen Islamic Sovereign Fund and Al-Ameen Islamic Cash Fund will be used to take exposure in Fixed Income or Money Market Instruments.

For more information, contact:
Raeda Latif
Head of Marketing and Alternative Distribution Channels
UBL Fund Managers Limited
4th Floor, STSM Building,
Beaumont Road,
Karachi
T: (+92-21) 111-825-262 Ext 161
F: (+92-21) 35622793
M: (+92) 300-8251222
E: rlatif@ublfunds.com

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