UBL Capital Fund-I rated ‘AA+’

Sunday, November 15, 2009
KARACHI: UBL Capital Protected Fund-I, a closed-end fund managed by UBL Fund Managers, has recently been assigned a Capital Protection Fund Rating (CPFR) of ‘AA+ (cpf)’ by JCR-VIS Credit Rating Company.

This rating indicates a very high probability of timely repayment of principal investment. The risk is modest but may vary slightly from time to time because of changes in economic conditions.

Launched in April 2008, UCPF-I is a three-year fixed-term fund that aims to provide high returns by capturing potential upward market movements by investing in equity markets.

In August this year, the fund announced stock dividend and issued bonus certificates in the proportion of three certificates for every 100 certificates for its investors which translated into three per cent of the par value of Rs10 per certificate.