UAE approval: UBL to distribute three more funds
UBL UAE will now have a total offering of seven mutual funds from UBL Fund Managers for its customers.
KARACHI:
The Securities and Commodities Authority (SECA) of the United Arab Emirates (UAE) has given approval for the distribution of three additional funds managed by UBL Fund Managers in the country, a press release said on Monday. UBL UAE will now have a total offering of seven mutual funds from UBL Fund Managers for its customers. This is the first time that any asset management company from Pakistan has been given permission for providing a diverse range of fixed income, commodity and equity products in the UAE, the statement added. Established in 2001 and regulated by the Securities and Exchange Commission of Pakistan, UBL Fund Managers has been one of the leading asset management companies in the country for over a decade.
Published in The Express Tribune, December 31st, 2013.
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