The UBL Principal Protected Fund II (UPPF II), launched by the UBL Funds, has generated investments over Rs 825 million till close of its IPO and has been established as another great feat for the Funds’ capital protected series.
UPPF II’s offering of up to 100% exposure to equity market while ensuring protection of the principal amount attracted the automobile, banking and power sectors towards investments in this fund. In the past, UBL Principal Protected Fund I (UPPF I) and UBL Islamic Principal Preservation Fund I (UIPPF I) also generated an impressive amount of over Rs 390 million and Rs 764 million, respectively, with an absolute return net-of-expenses of 62 percent for UPPF-1 from inception 03-Feb-2012 till 23-July-2013 and 19 percent for UIPPF -1 from inception 29-Apr-2013 till 23-July-2013.
The UPPF II with a term period of two years; employs the Constant Proportion Portfolio Insurance (CPPI) methodology, which was introduced for the first time in Pakistan by UBL Funds. The CPPI method maximizes exposure to equities in a bullish market to benefit from the gain, while in a bearish market it allocates a larger portion of the funds in money market instruments thus protecting the principal investment.
At the commencement of the fund’s IPO period, the CEO of UBL Funds; Mir Mohammad Ali said, “Our innovative products, high quality services and the trust shown by our investors in the form of investments are proof of our well-earned reputation in the asset management industry.”
The UBL Fund Managers offers mutual funds and investment plans to suit diverse individual savings and investment needs. The well-crafted plans offer investors the opportunity to fulfill need based life goals such as saving for children’s education, planning for Hajj or just to build a diverse portfolio on a systematic basis. UBL Funds also houses basic funds that range from money market instruments to equities.
Established in 2001 and regulated by the Securities and Exchange Commission of Pakistan UBL Fund Managers since a decade has the privilege of being one of the leading asset management companies of Pakistan with presence in the Middle East as well. It has also been given the prestigious High Management Quality Rating of AM2 by JCR-VIS Credit Rating Company.
