JCR-VIS Upgrades the Fund Stability Rating of UBL Growth

UBL Fund Managers logoKarachi: The Fund Stability Rating of  UBL Fund Managers (UBL Funds) Collective Investment Scheme UBL Growth and Income Fund (UGIF) (Category: Aggressive Fixed Income Scheme) has been upgraded to ‘A’(f) (Single A (f)) from ‘BBB+(f)’ (Triple B Plus (f)) by JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) on March 10th, 2017.

UGIF offers investment opportunity in long-term investment instruments that do not have any exposure to the stock market. The revision in rating incorporates adoption of a more prudent investment policy with minimum threshold defined for credit risk and weighted average duration of the fund.

UGIF is exposed to Term Finance Certificates (TFC) and comparing to stock market based investment schemes, UGIF offers a less volatile investment avenue for investors seeking long-term saving programs.

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