Ceylon FT: Guardian Acuity Asset Management Limited (GAAM) said it recorded healthy gains in unit trusts it manages, outperforming both the All Share Price Index (ASPI) of the Colombo Stock Exchange and the S&P SL20 index of the largest listed firms.
"Two years in operation, GAAM managed to establish a strong footing in the Unit Trust industry with an exceptional growth in the Guardian Acuity Fixed Income (GAFI) Fund which provided an annualized return of 10.11% per annum within the period January 2013 to January 2014. In the meantime GAAM managed to secure high returns on the Guardian Acuity Equity (GAE) Fund which gave a cumulative return of 29.30%, when compared with a growth in the All Share Price Index of 14.09% since inception to January 2014," the company said. Guardian Acuity Asset Management Limited Fund Manager Sumith Perera, said, "The GA Equity Fund has outperformed the All Share Price Index (ASPI) by 4.92% and the S&P SL 20 by 4.66% within the period of January 2013 to January 2014. The investors enjoyed greater returns on their investments despite the relatively low performance of the overall market. Investors should also have a long term outlook on the Equity market if they are to gain better yields as they can stomach the short term volatilities". The performance since inception was 29.30%.
"The Guardian Acuity Fixed Income Fund objective is to give investors the highest possible return by exposing the fund only to high quality instruments and issuers which are investment grade and above.
Investors in the fund have received a competitive return while being able to withdraw the funds at any point in time. Previous year average return was over 12.18% (2013 Return) which is tax free, while one year Treasury Bills gave a comparatively lower yield after tax," Perera said.
GAAM funds consist of Guardian Acuity Equity Fund and Guardian Acuity Fixed Income fund which has varying investment objectives. The equity fund invests in listed equities on the Colombo Stock Exchange, while the fixed income fund invests in high quality corporate debt and bank deposits, with a smaller exposure to government securities which are risk free. The performance of both funds during the last year has been above the market trends and both funds continue to grow even with market uncertainties and volatility.
GAAM is committed to giving better returns to the investors with the least risk and this is mainly due to the investment strategy which GAAM has adopted. The second year performance is evidence of this strategy and how it has helped GAAM to be right on top in terms of fund performance. Unit trusts give the small investor the opportunity to participate in the returns from a large diversity of financial instruments, which have been pooled together.
Guardian Acuity Asset Management Limited was commercially commenced operations in February 2012 with the purpose of bringing together the expertise of the two joint venture partners, Ceylon Guardian Investment Trust PLC and Acuity Partners (PVT) Ltd.
Acuity Partners is a joint venture between the HNB and DFCC Banks; while Ceylon Guardian is a subsidiary of the Carson Cumberbatch group. Ceylon Guardian's management team contribute to the venture through their fund management expertise, while Acuity bring in their partner network and reach in marketing and distribution of financial products. Currently the unit trusts are marketed through designated branches of the HNB.
The company is an authorized unit trust management company, accredited by the Securities and Exchange Commission of Sri Lanka, holding licences for two unit trust funds – namely the Guardian Acuity Fixed Income Fund and the Guardian Acuity Equity Fund. The company markets a range of investment plans under the brands MoneyMax and MoneyMaker which are structured using these two licensed funds as the underlying investment vehicles.
The Board of Directors of GAAM comprises directors drawn from the two JV partner companies, who carry with them a wealth of experience in the financial services industry.
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"Two years in operation, GAAM managed to establish a strong footing in the Unit Trust industry with an exceptional growth in the Guardian Acuity Fixed Income (GAFI) Fund which provided an annualized return of 10.11% per annum within the period January 2013 to January 2014. In the meantime GAAM managed to secure high returns on the Guardian Acuity Equity (GAE) Fund which gave a cumulative return of 29.30%, when compared with a growth in the All Share Price Index of 14.09% since inception to January 2014," the company said. Guardian Acuity Asset Management Limited Fund Manager Sumith Perera, said, "The GA Equity Fund has outperformed the All Share Price Index (ASPI) by 4.92% and the S&P SL 20 by 4.66% within the period of January 2013 to January 2014. The investors enjoyed greater returns on their investments despite the relatively low performance of the overall market. Investors should also have a long term outlook on the Equity market if they are to gain better yields as they can stomach the short term volatilities". The performance since inception was 29.30%.
"The Guardian Acuity Fixed Income Fund objective is to give investors the highest possible return by exposing the fund only to high quality instruments and issuers which are investment grade and above.
Investors in the fund have received a competitive return while being able to withdraw the funds at any point in time. Previous year average return was over 12.18% (2013 Return) which is tax free, while one year Treasury Bills gave a comparatively lower yield after tax," Perera said.
GAAM funds consist of Guardian Acuity Equity Fund and Guardian Acuity Fixed Income fund which has varying investment objectives. The equity fund invests in listed equities on the Colombo Stock Exchange, while the fixed income fund invests in high quality corporate debt and bank deposits, with a smaller exposure to government securities which are risk free. The performance of both funds during the last year has been above the market trends and both funds continue to grow even with market uncertainties and volatility.
GAAM is committed to giving better returns to the investors with the least risk and this is mainly due to the investment strategy which GAAM has adopted. The second year performance is evidence of this strategy and how it has helped GAAM to be right on top in terms of fund performance. Unit trusts give the small investor the opportunity to participate in the returns from a large diversity of financial instruments, which have been pooled together.
Guardian Acuity Asset Management Limited was commercially commenced operations in February 2012 with the purpose of bringing together the expertise of the two joint venture partners, Ceylon Guardian Investment Trust PLC and Acuity Partners (PVT) Ltd.
Acuity Partners is a joint venture between the HNB and DFCC Banks; while Ceylon Guardian is a subsidiary of the Carson Cumberbatch group. Ceylon Guardian's management team contribute to the venture through their fund management expertise, while Acuity bring in their partner network and reach in marketing and distribution of financial products. Currently the unit trusts are marketed through designated branches of the HNB.
The company is an authorized unit trust management company, accredited by the Securities and Exchange Commission of Sri Lanka, holding licences for two unit trust funds – namely the Guardian Acuity Fixed Income Fund and the Guardian Acuity Equity Fund. The company markets a range of investment plans under the brands MoneyMax and MoneyMaker which are structured using these two licensed funds as the underlying investment vehicles.
The Board of Directors of GAAM comprises directors drawn from the two JV partner companies, who carry with them a wealth of experience in the financial services industry.
www.ceylontoday.lk
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