The company is wholly owned subsidiary of UBL, the management company of United Money Market Fund (UMF). The UMF continued to provide its unit-holders with high returns that are evident by the yield for the quarter, which remained at 8.2 percent per annum.
The UMF is one of the largest money market funds in the industry, reflecting the confidence of its unit-holders. It is the only open ended fund in Pakistan with no sales load. The Fund is rated as A+ by the JCR-VIS, and is ideal for cash management and short-term placements.