Atlas Asset Management announces annual payouts.

KARACHI, July 09, 2010 (Balochistan Times): The Board of Directors of Atlas Asset Management Limited, an Atlas Group Company, approved the final distribution of bonus for the financial year ended June 30, 2010 for its Atlas Money Market Fund (AMF), Atlas Income Fund (AIF), Atlas Islamic Income Fund (AIIF), Atlas Stock Market Fund (ASMF) and Atlas Islamic Stock Fund (AISF). An announcement here on Friday said that for Atlas Money Market Fund (AMF), AA(f) rated by PACRA, (launched on 20th January 2010), the Board approved a bonus of Rs. 13.50 per unit (2.70% on the face value of Rs. 500 per unit). It said that the total payout for the year ended 2010 comes out to be 4.90%. AMF, which has reached an AUM size of Rs. 1.4 billion, gave an annualized return of 10.45%. For Atlas Income Fund (AIF), A+(f) rated by PACRA, a final distribution of bonus of Rs. 8.00 per unit (1.60% on the face value of Rs. 500 per unit) was approved. The total payout for the year ended 2010 comes out to be 9.35%. For Atlas Islamic Income Fund (AIIF), AA-(f) rated by PACRA, a final distribution of bonus of Rs. 10 per unit (2% on the face value of Rs. 500 per unit) was approved. The total payout for the year ended 2010 comes out to be 9.25%. For Atlas Stock Market Fund (ASMF) a final distribution of bonus of Rs. 125 per unit (25% on the face value of Rs. 500 per unit) was approved. For Atlas Islamic Stock Fund (AISF) a final distribution of bonus of Rs. 200 per unit (40% on the face value of Rs. 500 per unit) was approved.

(THROUGH ASIA PULSE)

Article Details

Printer friendly Cite/link Email Feedback
Publication:	Balochistan Times (Baluchistan Province, Pakistan)
Date:	Jul 9, 2010
Words:	295
Previous Article:	WB board endorses US$ 6.2 billion lending plan for Pakistan.
Next Article:	SCCI welcomes MoUs between Pakistan and China.
Topics:	Financial markets