Orient Wealth gets SEC clearance to offer investment schemes

By Shanuka Tissera

Orient Wealth Ltd., has received the license to manage unit trusts from the Securities Exchange Commission of Sri Lanka.

The Company will offer innovative investment schemes to small and larger investors through three open ended funds.

These three unit trust funds will be managed by Orient Wealth and all investors’ money will be held under the custody of Deutsche Bank AG, Colombo as the Trustee and Custodian. Orient Wealth Ltd and Deutsche Bank have signed the Trust deeds to enable this facility.

The three funds, namely; Orient Gilt Edged Fund, Orient Corporate Debt Fund, and Orient Equity Fund will primarily invest in gilt securities, corporate debt securities and listed equities at the Colombo Stock Exchange respectively under the management of Orient Wealth investment team, a press release from the company stated.

Orient Wealth CEO S. Jeyavarman stated: “Our intention is to remind and educate people on the importance of saving for the future, we encourage long term investments and our new products serve this purpose. The retirement and child education plan being introduced is a crucial investment in today’s society that people need to pay attention to before it is too late.”

The general investment plan allows investors to select the particular asset type that they wish to invest in. For those that choose to hold risk free investments, they can obtain an ‘income plan’ which invests only in government securities through Orient Gilt Edged fund.

Individuals who choose to invest in riskier assets may choose a portfolio mix which includes investments in government securities and corporate debt securities.

Orient Wealth made it clear that all funds to enter the market would be managed by professionally qualified and well-experienced investments teams.

The Retirement Savings Plan focuses on helping people save little by little with minimal investment to help gain ground in the future. With inflation on a high, people are yet to bear the worst of high prices, the main risk is that investors may not see a return on their investment and may incur a loss. The child education plan helps parents to save for their children’s education in the future through a risk of investment methods.

Another innovative product on offer is the Orient Systematic Investment Plan, which allows people to save from as little as Rs. 500 a month, quarterly or annually.

Orient Wealth is a fully-owned subsidiary of Orient Capital Limited, which is a 100% equity financed company. The company boasts diverse capital market services to individuals and corporate clients thanks to its highly experienced Board of Directors and senior management.