KARACHI UBL Fund Managers announced the launch of its new investment scheme called the UBL Government Securities Fund (UGSF), says a press release. The scheme will be launched on July 25, 2010 through UBL Funds Investment Centers and designated UBL Branches. UBL Government Securities Fund (UGSF) is an open-end income scheme designed to provide a stable and competitive stream of income. The scheme will invest primarily in securities issued by the Government of Pakistan, maintaining a minimum allocation of at least 70pc of net assets in such securities.