The Units of the NAMAL Acuity Value Fund (NAVF) has been listed from 12th October 2009 and classified under the Closed end Fund Sector at the Colombo Stock Exchange. "The NAVF is a collective investment scheme designed for investors seeking capital appreciation on their investment" A press release from National Asset Management Limited (NAMAL), the managers of the Fund stated.
In Sri Lanka, it is the first
occasion that a unit of a fund is being listed on the Stock Exchange. The investors can acquire the units through the member firms of the Colombo Stock Exchange to become a unit holder of the Fund. The investors will have the benefit of lower trading costs when buying or selling the units compared to the prevailing trading cost associated with the shares listed on the Stock Exchange.NAMAL being the pioneer licensed Unit Trust Manager with 18 years of investment management experience launched this Fund to the public to enable them to participate in the growth prospects of the equities listed on the Colombo Stock Exchange. The Fund retains the option to invest entirely in fixed income securities in order to preserve the invested capital and generate distributable income whilst reducing the risk to the Fund, the release further stated.
Related Info :
• NAMAL Acuity Value Fund Declares First Dividends
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.