LAHORE: The United Bank has launched Al-Ameen Islamic Active Allocation Plan –I under Al-Ameen Islamic Financial Planning Fund. The plan is now open for subscription.
The Al-Ameen Islamic Active Allocation Plan –I offers a unique plan for investors that wish to benefit from the equity market and want an actively managed investment portfolio. The plan has a term of two years, aiming to smartly invest and disinvest from the stock market.
On this occasion Mir Muhammad Ali, CEO UBL Fund Managers Limited, said that “The Al-Ameen Active Allocation Plan-1 is ideal for investors who wish to gain returns from the equity market but are unaware of when to buy or sell. The core task of our fund managers is to know when to ride the market waves, making the best of the trends.”
He further added that “Investors can depend on our financial expertise of dealing with the ever volatile equity market for optimized returns. The Al-Ameen Asset Allocation Plan-1 is a plan which will smartly invest and disinvest between Islamic Equities and Islamic Money Market based instruments based on the fund managers’ outlook on the asset classes.”
AIActAP-I is managed under the supervision of Shariah Advisors, and will be investing in Al-Ameen Shariah Stock Fund (ASSF) to take exposure to Equities, while Al-Ameen Islamic Sovereign Fund (AISF) or Al-Ameen Islamic Cash Fund (AICF) will be used to take exposure in Fixed Income/Money Market Instruments.
