Karachi: In a testament to robust management and strategic planning, UBL Fund Managers Limited reported substantial gains across various funds for the fiscal year ended June 30, 2024. The company navigated a complex economic environment, marked by high inflation and interest rate fluctuations, to deliver commendable financial results.

The UBL Liquidity Plus Fund (ULPF) stood out with a net income of PKR 6,097 million, significantly bolstered by interest income from government securities. This fund also saw its net assets grow to PKR 37.06 billion, reflecting a net asset value per unit of PKR 101.41.

In the fixed income category, the UBL Cash Fund reported a net income of PKR 4,573.80 million from a diverse portfolio that included bank balances and government securities, ending the year with net assets totaling PKR 27.10 billion. According to information available from the Pakistan Stock Exchange (PSX), the UBL Money Market Fund also posted strong results, with a net income of PKR 3,067.67 million and an increase in net assets to PKR 15.55 billion.

The UBL Government Securities Fund and the UBL Income Opportunity Fund reported net incomes of PKR 607.40 million and PKR 336.46 million, respectively. Both funds benefited from careful asset management and favorable market conditions.

Furthermore, the UBL Stock Advantage Fund and UBL Asset Allocation Fund saw significant appreciation in their asset values, with the former achieving a notable net asset value per unit of PKR 126.28.

Reflecting on the strategic achievements, the UBL Financial Sector Fund reported a net income of PKR 543.04 million and a strong closing net asset value per unit of PKR 151.07, underscoring the effectiveness of the fund management's approach during a fluctuating economic cycle.

UBL Fund Managers Limited also focused on its range of specialized savings and fixed return funds, which performed admirably amid market volatility. The UBL Special Savings Fund and UBL Fixed Return Fund series highlighted the company’s capability to secure positive outcomes for investors through meticulous planning and market analysis.

Overall, the consistent financial performance across UBL Fund Managers Limited’s diverse portfolio showcases the firm’s commitment to delivering shareholder value and upholding high standards of fund management amid challenging market conditions.