Asset Trust Management to launch flagship Astrue Gilt-Edged Fund

Asset Trust Management (Pvt) Ltd., a market intermediary registered with the Securities and Exchange Commission of Sri Lanka (SEC), will be launching its first-ever mutual fund on 12 December 2011.

The fund, the Astrue Gilt-Edged Fund, would be solely investing in Government securities such as Treasury bills, bonds and Government-backed securities.

The Manager and Registrar to the fund is Asset Trust Management (Pvt) Ltd., whilst the Trustee and Custodian is Deutsche Bank AG, Colombo.

Astrue Gilt-Edged Fund is managed by a dynamic investment management team with years of professional expertise in wealth management. The fund would cater to investors seeking a secure solution for their investment needs, whilst benefiting from opportunities to derive sustainable above average returns.

Asset Trust Management is licensed by the SEC to carry out personal fund management and unit trust operations. The company is spearheaded by prominent personalities in the field of finance such as Dr. Wickrama Weerasooria, Mangala Boyagoda, Eastman Narangoda and Upali Witharana.

The Investment Committee and the Management Team comprise of eminent professionals such as former banker A. Kathiruvelupillai and Neil Ranawaka.

The fund is open for subscription at a unit price of Rs. 10- per unit. The initial subscription period of the fund would be from 12 December till 22 December 2011.