KARACHI: UBL Fund Managers have announced a total payout of Rs2,447.57 million for all its open-end funds for the year ended June 30. This total disbursement also included interim payouts to unit-holders on different counters.

On the fixed income side, the Board has approved the distribution of Rs3.0281 per unit for United Money Market Fund (UMF) and Rs2.9794 per unit for United Growth & Income Fund (UGIF). This is in addition to the interim dividend of Rs6.1083 per unit for UMF and Rs6.1988 per unit for UGIF declared in April 2008, said a press statement issued here on Friday.

Despite recent volatility in the market, the United Stock Advantage Fund (USAF) has announced the distribution of Rs3.01 per unit (3.01 units for every 100 units) for the year 2007-08. As compared to the benchmark KSE-100 index, the USAF has managed to outperform the index by 6.66 per cent.

The Shariah-compliant funds ie UCIF and UIIF managed by the UBL Fund Managers also performed reasonably well during the period. The Board has announced the distribution of Rs5.14 per unit (5.13 units for every 100 units) for UCIF and Rs2.41 (2.40 units for every 100 units) for UIIF. The company has already distributed Rs3.44 per unit for UIIF unit holders in April 2008.