LAHORE(BullionStreet): Pakistan's leading asset management company, UBL Fund Managers launched country's first open-end Gold Fund, namely UBL Gold Fund.

This fund aims to offer its investors the benefit of investing and trading in paper gold without having to worry about security, purity or storage.

Keeping the core value of convenience and affordability in mind, UBL Funds has announced account opening with just Rs. 10,000 with subsequent investments of as low as Rs. 1000 per month.

Historically investment in gold has given investors good diversification due to low correlation with equities and fixed income.

UBL Gold Funds apart from giving hedge against gold prices gives investors the added benefits of various incentives of open end funds like tax free returns, tax rebate and liquidity at all times.

UBL Gold Funds with an array of both Islamic & conventional investments products completed it's tenth year of operations in Pakistan last year.