Karachi, The Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, managing mutual funds, pension funds and various investment plans, approved the final distribution for the financial year ended June 30, 2012 for the funds under its management in their meeting held on July 5, 2012.
Atlas Money Market Fund (AMF) rated AA+(f) by PACRA, has made an annual distribution of Rs.53.50 per unit. The return works out to 11.33% for the year.
Atlas Income Fund (AIF), rated A+(f) by PACRA, has made an annual distribution of Rs.28.75 per unit. The return works out to 6.06% for the year.
Atlas Islamic Income Fund (AIIF), rated AA-(f) by PACRA, has made an annual distribution aggregating to Rs.47.50 per unit. The return works out to 10.11% for the year.
Atlas Stock Market Fund (ASMF) was amongst the top three best performing funds in the equity funds category, beating its benchmark KSE-100 Index. The Fund posted a return of 22.95% during the year. A final bonus distribution of Rs.65 per unit was approved by the Board that works out to 19.45% of the net asset value of units of the Fund at the beginning of the year.
Atlas Islamic Stock Fund (AISF) was the best performing Shariah compliant equity fund for the second year running in its category, beating its benchmark KMI-30 Index. The Fund posted a return of 27.51% during the year. A final bonus distribution of Rs.62.50 per unit was approved by the
Board, that works out to 20.55% of the net asset value of units of the Fund at the beginning of the year.
