First Capital Asset Management Limited, Managers of the First Capital Wealth Fund,announced a dividend of Rs. 100 per unit.
The First Capital Wealth Fund was Sri Lanka’s best performing Fixed Income Unit Trust for calendar years 2013 and 2014.
The Fund is also the best performing Unit Trust Fund for the five years ended 31 March 2016 with a compounded annual growth rate of 11.77% over the period (as reported by the Unit Trust Association of Sri Lanka).
“The Fund operated under difficult capital market conditions in the current financial year. Excess liquidity in the banking system decreased significantly, foreign investors divested from their holdings of government securities, and the external reserves of the country was further pressured by debt service commitments on the country’s foreign debt. These factors combined to significantly increase interest rates during the year. Despite these challenges, the Fund continues to pay an attractive dividend for the year,” First Capital Holdings Chief Executive Officer Dilshan Wirasekara said.
“As a fully-fledged Investment Bank specializing in debt market services and prominent non-bank primary dealer in Sri Lanka, we will continue to work closely with our stakeholders to maintain a conducive investment environment and provide competitive returns for our investors. With specialized knowledge and industry expertise garnered through our position and experience in the market, we are confident that the unit trusts managed by First Capital Asset Management Limited will continue to reap the rewards of timely, well-informed investments,” Wirasekara said.
www.dailynews.lk
The First Capital Wealth Fund was Sri Lanka’s best performing Fixed Income Unit Trust for calendar years 2013 and 2014.
The Fund is also the best performing Unit Trust Fund for the five years ended 31 March 2016 with a compounded annual growth rate of 11.77% over the period (as reported by the Unit Trust Association of Sri Lanka).
“The Fund operated under difficult capital market conditions in the current financial year. Excess liquidity in the banking system decreased significantly, foreign investors divested from their holdings of government securities, and the external reserves of the country was further pressured by debt service commitments on the country’s foreign debt. These factors combined to significantly increase interest rates during the year. Despite these challenges, the Fund continues to pay an attractive dividend for the year,” First Capital Holdings Chief Executive Officer Dilshan Wirasekara said.
“As a fully-fledged Investment Bank specializing in debt market services and prominent non-bank primary dealer in Sri Lanka, we will continue to work closely with our stakeholders to maintain a conducive investment environment and provide competitive returns for our investors. With specialized knowledge and industry expertise garnered through our position and experience in the market, we are confident that the unit trusts managed by First Capital Asset Management Limited will continue to reap the rewards of timely, well-informed investments,” Wirasekara said.
www.dailynews.lk
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