Posted: February 22nd, 2007 | Author: StockPK Team | Filed under: News | Tags: Fund-Managers, Mutual-Funds, UBL, UBLFM, UCIF, UGIF, UMF
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The Board of Directors of UBL Fund Managers (UBLFM), a wholly-owned subsidiary of United Bank, announced on Tuesday that it was managing overall funds of Rs10 billion with over 5,000 unit-holders to date.
The board, after holding a meeting, announced the financial results for the six months ended December 31, 2006, of various funds under its portfolio.
Accordingly, United Growth & Income Fund (UGIF) in the fixed income category recorded a yield of over 12 per cent from July to December 2006. UGIF saw an increase in unit holders by 98 per cent, with a total fund size of over Rs3.3 billion. The net income per unit increased to Rs6.14 as compared to Rs4.29 for the same period last year.
Posted: December 20th, 2005 | Author: StockPK Team | Filed under: News | Tags: Pakistan, UAMC, UBL, UBL-Fund-Managers-Limited, UBLFM, UMF, United-Money-Market-Fund
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The United Asset Management Company Limited (UAMC) has been renamed as UBL Fund Managers Limited (UBLFM). The UBLFM is a wholly-owned subsidiary of the United Bank Limited (UBL), which is Pakistan’s second largest private commercial bank.
The UBL was the pioneer in initiating asset management services in the banking sector with the launch of UAMC in 2002 and has thus become a trend-setter.
The UBL Fund Managers Limited has been successfully managing United Money Market Fund (UMF), which is one of the largest open-end money market funds in Pakistan with a size of Rs 3.75 billion.
Posted: September 19th, 2005 | Author: StockPK Team | Filed under: News | Tags: Money-Market-Fund, Pakistan, UAMC, UBL, UBLFM, UMF
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The United Asset Management Company Limited (UAMC) has been renamed as UBL Fund Managers Limited (UBLFM). The UBLFM is a wholly-owned subsidiary of the United Bank Limited (UBL), which is Pakistan’s second largest private commercial bank.
The UBL was the pioneer in initiating asset management services in the banking sector with the launch of UAMC in 2002 and has thus become a trend-setter.
The UBL Fund Managers Limited has been successfully managing United Money Market Fund (UMF), which is one of the largest open-end money market funds in Pakistan with a size of Rs 3.75 billion.
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