This report summarizes the performance of various funds managed by UBL Fund Managers over July 2011. It provides an introduction to UBL and its vision/mission as an asset management company. It then describes each of UBL's 10 funds in 1-2 sentences, including their investment objectives and performance compared to benchmarks. The report also notes key economic events in July 2011, such as the State Bank of Pakistan lowering interest rates and limiting government borrowing from commercial banks.

2. UNITED BANK LIMITED FUND MANAGER’S REPORT JULY’11 PRESENTED BY: HIRA SHAHID KHAN SAHAR KHAN SAMREEN LODHI SHAHZADI NEELOFAR (G.L) PRESENTED TO: MISS SOBIA SHEIKH

4. UBL Fund Managers provide companies, institutional clients and individual clients with advisory services, comprehensive investment solutions, and excellent products.

5. Their vision is to become a leader in the industry by being the first choice investment solution provider, offering investment advisory services, with an international presence; renowned for being client centric, quality conscious and innovative.

8. Placement with banks and FDI decreases by 8%

9. Investments in T-bills increased by 6%

10. WAM (weighted average time to maturity) stood 75 days

12. Placement with Banks & DFIs decrease.

15. Investing in medium to long-term fixed income instruments.

16. Short-tenor money market instruments.

23. Provides competitive return.

26. Invests in medium to long term income instrument.

27. Generate superior,long-term,risk adjusted return.

28. Usually invests in:

29. Kohat cement sukuk

30. Agritech sukuk.

33. Assures principal protection by investing major part of assets in TDR with schedule banks.

34. Other funds are invested in equity market or other SECP permitted instruments.

35. Usually invests in the following companies:

36. Engro Corporation

37. Attock Refinery

40. Provides secure and regular income after retirement to the participants.

41. Participants contribute to the fund during their working life.

43. SBP limits the government from borrowing from commercial bank.

44. SBP conducted T-bills auction twice a month to control money supply.

45. Remittances from overseas Pakistanis increase by 25%

47. THANK YOU