Silver and Bronze for Guardian Acuity unit trust funds

The Money Market Gilt Fund and the Money Market Fund of Guardian Acuity Asset Management won Silver and Bronze respectively under the Best Unit Trust Fund category at the Capital Market Awards & Forecast Dinner 2017, conducted by the CFA Society, Sri Lanka.

This is the second consecutive year that Guardian Acuity won accolades at this prestigious award ceremony. The company’s Money Market Fund was awarded Silver under the same category in 2016, which happened to be the first time that an award was introduced to recognise and reward fund management companies that place Unit Holder interest first; promote better compliance and transparency to investors and encourage adoption of best practices in Asset Management. The CFA Society Sri Lanka is the local chapter of the CFA Institute, the global body that administers the Chartered Financial Analyst qualification and sets voluntary, ethics-based performance reporting standards for the investment industry.

The award criteria mainly included the adoption of accepted performance reporting measures, the investment management process, efforts taken to improve investor communication and focus on compliance and risk management.

A joint venture between Ceylon Guardian Investment Trust PLC (a subsidiary of local conglomerate Carson Cumberbatch PLC) and Acuity partners (a collaboration between Hatton National Bank and DFCC Bank), Guardian Acuity Asset Management offers three Unit Trust Funds. The Guardian Acuity Money Market Fund invests in investment grade fixed income securities maturing within a year, whereas the Guardian Acuity Money Market Gilt Fund invests in Government Securities maturing within a year.

Further, the company also offers an Equity Unit Trust Fund which invests in stocks listed in the Colombo Stock Exchange.