Vanguard AML Growth Fund, an open-end mutual fund of Vanguard Asset Management Ltd, declared a 15% cash dividend for its unit-holders (investors) for the year that ended on 31 March, 2021.
The dividend was declared at the trustee board meeting of the fund, said a media statement issued on Sunday.
"We put investors' interests above everything else in managing our funds", said Waqar Ahmad Choudhury, managing director of Vanguard Asset Management Ltd.
"We are very happy to declare the cash dividend to our investors who always keep their faith in our fund management process," he added.
To this respect, he urged institutional investors to come forward and participate in Vanguard AML Growth Fund.
Vanguard AML Growth Fund is an open-ended fund that was launched with an aim to achieve long-term capital appreciation, money market return from a portfolio of predominant equity, fixed income instruments and/or securities for increasing the value of unit-holders' wealth.