Comtrust Equity Fund says outperforms Sri Lanka stocks by 18.9-pct - Corrected
Apr 09, 2015 07:03 AM GMT+0530 | 1 Comment(s)
COLOMBO (EconomyNext) - Comtrust Equity Fund said it had outperformed Sri Lanka's benchmark All Share Price Index by 18.9 percent to return 32.9 percent to shareholders in the year to March 2015. In the period the Colombo All Share Price Index rose 14.3 percent the S&P SL 20 liquid Index 17.5 percent and the CSE's Total Return Index 16.3percent. The fund invests in equities and fixed income instruments. "Tactical asset allocation, combined with a strategic sector focus and investing in fundamentally sound undervalued shares has enabled the Fund to beat both indices…" Thinushka Soysa, Senior Fund Manager at Comtrust Asset Management (Pvt) Ltd, said in a statement. Comtrust Equity Fund would pay a dividend of 2.0 rupees to holders, for the fifth year running. Over the past three years the fund has shown a 14.4 percent cumulative average return, compared to 8.00 percent for the Colombo All Share Price Index, 8.9 percent for the S&P SL 20 and 10.7 for the TRI. Comtrust Asset Management (Pvt) Ltd established in 1992 manages mutual funds, Islamic funds, and corporate and individual portfolios. It is affiliated to CT Holdings and CLSA investment group. Corrected - Comtrust Equity Fund outperforms ASPI by 18.9-pct not 14.3-percent.