UNITED BANK LIMITED FUND MANAGER’S REPORT JULY’11

PRESENTED BY:HIRA SHAHID KHANSAHAR KHANSAMREEN LODHISHAHZADI NEELOFAR (G.L)

PRESENTED TO:MISS SOBIA SHEIKH

INTRODUCTIONUBL is a leading Asset Management Company operating in Pakistan, offering savings and investment solutions to institutional and individual clients.

UBL Fund Managers provide companies, institutional clients and individual clients with advisory services, comprehensive investment solutions, and excellent products.

Their vision is to become a leader in the industry by being the first choice investment solution provider, offering investment advisory services, with an international presence; renowned for being client centric, quality conscious and innovative.

And mission is to offer value added products and services while adhering to the highest levels of ethical standards

UBL PRODUCT PORTFOLIO ARE:

• UBL LIQUIDITY PLUS FUND

• UBL SAVING INCOME FUND

• UNITED GROWTH & INCOME FUND

• UNITED STOCK ADVANTAGE FUND

• UNITED COMPOSITE ISLAMIC FUND

• UBL ISLAMIC SAVINGS FUND

• UNITED ISLAMIC INCOME FUND

• UBL CAPITAL PROTECTED FUND

• UBL RETIREMENT SAVING FUND

• UBL ISLAMIC RETIREMENT SAVINGS FUND

UBL LIQUIDITY PLUS FUND

Fund generated monthly yield of 12.22%p.a. verses a benchmark of 10.48%p.a.

Placement with banks and FDI decreases by 8%

Investments in T-bills increased by 6%

WAM (weighted average time to maturity) stood 75 days

Combination of assets and modest WAM deliver market competitive return to investors.

UBL SAVING INCOME FUNDIt is an OPEN-END income fund, with an aim of competitive return and moderate risk level by investing in fixed income instrument.

Placement with Banks & DFIs decrease.

89% of net assets are allocated in T-bills, with an aim of increasing return and taking advantage of opportunities that may arise due to changes in monetary policies.

USIF v/s BENCHMARK

UNITED GROWTH AND INCOME FUNDOPEN-END AGGRESSIVE FIXED INCOME FUND.

Investing in medium to long-term fixed income instruments.

Short-tenor money market instruments.

Seeks superior long-term, risk adjusted return while preserving capital over long-term.

UGIF v/s BENCHMARK

UNITED STOCK ADVANTAGE FUNDAn OPEN-END EQUITY FUND, investing in equities primarily in KSE.

Seeks to maximize total return, invest in combination of securities offering long-term capital gain and dividend yield potential.

USF v/s BENCHMARK

UNITED COMPOSITE ISLAMIC FUNDAn OPEN-END FUND, offers investors an opportunity to invest in diversified portfolio of Shariah Complaint Investment.

Seeks to maximize medium to long-term return for a given level of risk.

UCIF v/s BENCHMARK

UBL ISLAMIC SAVINGS FUNDAn OPEN-END SHARIAH COMPLIANT INCOME FUND.

Provides competitive return.

Moderate level of risk.

UISF v/s BENCHMARK

UNITED ISLAMIC INCOME FUNDAn OPEN-END SHARIAH COMPLIANT AGGRESSIVE FIXED INCOME FUND.

Invests in medium to long term income instrument.

Generate superior,long-term,risk adjusted return.

Usually invests in:Kohat cement sukukAgritech sukuk.Eden builders.

UIIF v/s BENCHMARK

UBL CAPITAL PROTECTED FUNDAn OPEN-END CAPITAL PROTECTED FUND.

Assures principal protection by investing major part of assets in TDR with schedule banks.

Other funds are invested in equity market or other SECP permitted instruments.

Usually invests in the following companies:Engro CorporationAttock RefineryNishat Mills

UCPF v/s BENCHMARK

UBL RETIREMENT SAVINGS FUNDAn OPEN-END FUND.

Provides secure and regular income after retirement to the participants.

Participants contribute to the fund during their working life.

And withdraw from the fund on or after their retirement.

UBL ISLAMIC RETIREMENT SAVINGS FUND

It is same as UBL RETIREMENT SAVINGS FUND but according to the SHARIAH LAWS.

MANAGER’S REPORTSBP lowers the discount rate to 13.5%

SBP limits the government from borrowing from commercial bank.

SBP conducted T-bills auction twice a month to control money supply.

Remittances from overseas Pakistanis increase by 25%

Trade deficit for the FY11 was $15.6 bn

AN EXTRACT FROM THE MANAGER’S REPORT

THANK YOU