NAMAL Acuity Value Fund becomes the fist closed-ended Unit Trust to be listed in the CSE

The Units of the NAMAL Acuity Value Fund (NAVF) is listed from October 12 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.

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 record 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.

NAMAL adopts a unique research driven investment approach consistently to support the Fund to deliver returns to the investors. Moreover, the experienced Fund Managers at NAMAL continue to practice appropriate asset allocation techniques to deliver return to the investors in the funds managed by the company. The Deutsche Bank is the Trustee and Custodian of the Fund release concluded.