JS ABAMCO Limited (formerly ABAMCO Limited) is pleased to announce dividend payouts for five of our open-end funds for fiscal year ending June 30, 2006.
Payouts
In a meeting on July 8, 2006, the Board of Directors of JS ABAMCO Limited approved a stock dividend of:
Rs 32.5/- per unit for UTP-Aggressive Asset Allocation Fund (65.0% on the face value of Rs 50/- per unit),
Rs 2,000/- per unit for Unit Trust of Pakistan (40.0% on the face value of Rs 5,000/- per unit),
Rs 187.5/- per unit for UTP-Islamic Fund (37.5% on the face value of Rs 500/- per unit),
Rs 4.0/- per unit for UTP-Fund of Funds (8.0% on the face value of Rs 50/- per unit),
Rs 0.25/- per unit for UTP-A30+ (0.5% on the face value of Rs 50/- per unit)
Performance
JS ABAMCOs open-end funds have done remarkably well during fiscal year 2005-2006 despite considerable market volatility. A summary table is provided below:
JS ABAMCO LIMITED
OPEN-END Funds Performance - FY06
Fund Name Ticker Friday Thursday % NAV % Stock
June 30, 2006 June 30, 2005 appreciation Dividend
UTP Aggressive Asset Allocation Fund UTP-AAAF 87.05 50.34 72.92% 65.00%
Unit Trust of Pakistan UTP 9,312.00 7,035.00 32.37% 40.00%
UTP - Islamic Fund UTP-ISF 782.03 581.60 34.46% 37.50%
UTP - Fund of Funds UTP-FoF 54.32 50.00 1 8.64% 8.00%
UTP - A30+ UTP-A30 50.26 50.00 2 0.52% 0.50%
ABAMCO 30 Index ABAMCO30 7,126.69 5,271.12 35.20%
Karachi Stock Exchange - 100 Index KSE-100 9,989.41 7,450.12 34.08%
1 UTP - FoF was launched October 31, 2005
2 UTP - A30+ was launched May 29, 2006
Two of the companys open end funds, UTP-AAA and UTP-ISF have outperformed a very volatile KSE-100 for FY06 and did it comfortably by posting returns of 72.92% and 34.46% vis-ŕ-vis the 34.08% of KSE-100. And while a balanced fund is usually supposed to appreciate less than an all stock fund in a bull market, UTP recorded a fabulous gain of 32.40% which is at par with the return of an equity fund with a much lower risk profile as a balanced fund. UTP has been rated ‘5’ star by PACRA which signifies consistent and superior performance. UTP-Fund of Funds, launched on October 31st last year, gained 8.64% till year end, while our private free float based ABAMCO-30 Index posted a gain of 35.20% for FY06, 112 bps above KSE-100 return. UTP-A30, based on our A30 Index was launched on May 29th this year and it appreciated by 0.52% till year end.
JS ABAMCO Limited has an asset manager rating of ‘AM2’, which reflects the company’s very strong capacity to manage the risks inherent in asset management.
The companys consistent track record serves as a testimony to its commitment to provide maximum value to the unit holders in terms of investment performance and services.
