Wednesday, 2 July 2014 00:00
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Investrust Wealth Management Ltd., a member of Investrust Holdings Ltd, announced that its ‘Investrust Money’ open-ended money market fund licensed by Securities Exchange Commission of Sri Lanka (SEC) will be available to the public from tomorrow, 3 July.
Investrust Wealth Management Ltd. (formerly known as Orient Wealth Ltd.) is a SEC-regulated unit trust management company, which currently manages Orient Gilt Edged Fund, Orient Corporate Debt Fund and Orient Equity Fund, and an accredited investment manager approved by the SEC.
Investrust Money Fund is a diverse cash strategy consisting of a portfolio of short-term, high-quality fixed income securities (Government Securities and rated A and above short term corporate debt). The fund is actively managed to provide a competitive yield, maximise current income and preserve capital, while maintaining daily liquidity in a risk-controlled framework.
The fund’s objective is to consistently outperform the benchmark of monthly weighted average three-month Treasury bill yield. The assets of the Fund are held by the custodian, Deutsche Bank AG. The rights and interests of the unit holders are protected by the Trustee. Unit trusts are duly regulated by the SEC under the SEC Act and the Unit Trust Code.
Investrust Money offers a strategy intended to improve and maintain liquidity and principal stability for their cash assets. The potential benefits of this fund include, aims to provide a steady source of income from a highly-liquid strategy for cash investors, a high level of credit quality and portfolio diversification in a strategy that is focused on managing risk, tax free income and no exit fee for withdrawal at anytime.
Investrust Holdings Ltd. (IHL) is a full-service investment banking company that provides investment banking advisory services, wealth management and securities trading facilities.
Investrust Capital Ltd., which is a subsidiary of Investrust Holdings Ltd., has excelled in the areas of corporate debt and capital markets of Sri Lanka since its incorporation in 2005. It has raised over Rs. 60 b in the form of debt instruments for local corporate entities.
Investrust is led by Niranjan Mendis, Chaminda Ranatunga, Sudath Perera, Dilip Kodikara and Ranil Pathirana, who serve on its Board of Directors.
