KARACHI (Staff Report) – UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan–II, under the Al-Ameen Islamic Financial Planning Fund. This Plan is now open for subscription.
Al-Ameen Islamic Active Allocation Plan-II (AIActAP-II) is presented by UBL Funds under the guidance of Shariah Scholars Mufti Muhammad Hassaan and Mufti Najeeb Khan. 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.
Mir Muhammad Ali, Chief Executive at UBL Funds, said “The Al-Ameen Islamic Active Allocation Plan-I was well-received by investors raising over Rs 2.3bn, hence we decided to launch the second tranche in the series: Al-Ameen Islamic Active Allocation Plan-II.”
He further added that “This is an ideal investment opportunity for those who wish to take 100% exposure to equities, but are unaware in which stocks to invest. Our Fund Managers will invest and disinvest between Islamic Equities and Islamic Income/Money Market based instruments on the basis of their well-researched multi-market outlooks, providing investors an actively managed portfolio.”
AIActAP-II will initially be investing in Al-Ameen Shariah Stock Fund (ASSF) to take exposure to Equities, and in Al-Ameen Islamic Sovereign Fund (AISF) and/or Al-Ameen Islamic Cash Fund (AICF) to take exposure to the Income/Money Markets.
