PACRA Assigns Initial Stability Rating to UBL Cash Fund

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PACRA Assigns Initial Stability Rating to UBL Cash Fund

November 19, 2018

Lahore, November 19, 2018 (PPI-OT): The rating reflects the fund’s projected very strong credit risk profile emanating from the investment strategy to invest in high credit quality investment avenues with sound liquidity. The projected asset allocation of the fund includes 35% Bank Deposits in ‘AA and above rated’ banks, 15% Placements with DFIs ‘rated AA and above’ and 50% in short-term government securities subject to limits as defined in OD. The fund is projected to maintain its duration below 45 days resulting in very low exposure to interest rate volatility.

The unit holding pattern of the fund would be concentrated with ~ 80% institutional and retail investors, where one investor can only acquire up to 10% of the total units of the fund. Meanwhile, the group’s own investment would represent ~ 10%-20% in total portfolio.

For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425

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