NAMAL assets under management exceeds Rs. 10 b

Friday, 11 October 2013 03:36 - - {{hitsCtrl.values.hits}}

National Asset Management Limited (NAMAL) announced that its Assets under Management surpassed Rs. 10 billion for the first time.

“NAMAL is proud to have achieved the Rs. 10 billion milestone, having doubled Assets under Management in 2013 based on strong investment performance and a diverse product portfolio,” stated NAMAL Head Sales and Structuring Charana Jayasuriya. NAMAL funds continue to deliver consistent performance to investors with the flagship National Equity Fund, NAMAL Growth Fund and NAMAL High Yield Fund being the best performing unit trusts in the balanced, growth and income categories. NAMAL secured mandates from HSBC Pension Fund and Allianz Insurance earlier in the year and provides discretionary portfolio management services to major international and local institutional investors and high net worth individuals. NAMAL is Sri Lanka’s pioneer unit trust management company, having commenced operations in 1991, with a 22-year track record of successfully investing in the Sri Lankan equity and debt markets. NAMAL currently manages eight unit trusts including the flagship National Equity Fund and the only listed unit trust. The principal shareholders of NAMAL are Union Bank of Colombo PLC and DFCC Bank PLC. NAMAL was recently chosen as the Best Investment Management Company in Sri Lanka at the “Investment Management Awards 2013” by World Finance, a leading financial publication of World News Media Ltd.