Sri Lanka’s Comtrust balanced fund up 9.6-pct in first half
ECONOMYNEXT – Sri Lanka’s Comtrust Equity fund, which invests in both equity and debt said its value rose 9.6 percent in the first six months of 2015, outperforming the Colombo All Share Index which gained 3.4 percent.
The S&P SL 20 Index of more liquid stocks fell 0.7 percent and the All Share Total Returns Index which counts dividends rose 3.6 percent in the period.
Thinushka Soysa, Senior Fund Manager at Comtrust Asset Management (Pvt) Ltd, said the fund had invested in consumer and manufacturing sectors which were helped by a state salary increases and expansion of consumption in the country.
In Fund had risen 12.3 percent in the first nine months.
Comtrust said in the past three years compound annual growth was 14.2 percent, with the ASPI rising 5.7 percent and the total return index up 7.8 percent. It had paid dividends of 2.0 rupees a year.