UBL Fund Managers. is a wholly owned subsidiary of United Bank Limited, making it the first Asset Management Company to be launched by a bank in Pakistan . UBL Fund Managers have been operating since the year 2002 and are currently ranked No.1 in Assets Under Management (AUM) in Fixed Income schemes and ranked No. 1 in terms of AUM of private sector open-end mutual funds (out of 35 existing companies).UBL Fund Managers has been awarded a Management Quality Rating of AM2 Minus by JCR-VIS Credit Rating Company Limited.