Ceylon Guardian Investment Trust has recorded a profit after tax of Rs. 1.92 b given positive market conditions in 2014 and 15.
The consolidated portfolio value increased to Rs.27.34 b, from Rs.24.23 b a year earlier; recording an appreciation of 15% when dividend payouts are factored in. Ceylon Guardian’s above average performance was attributed by the Investment Managers in their report to shareholders “to booking of profits on selected overvalued stocks”. On highlighting the medium term performance inclusive of strategic holdings, five year compounded annualized growth rate was 16.15% p.a. on portfolio value basis and 13.35% p.a. on market capitalisation, an All Share Index growth of 12.86% p.a for the same five year period.
The portfolio is managed by a professional team attached to Guardian Fund Management Limited, a company licensed by the Securities and Exchange Commission of Sri Lanka. Whilst Ceylon Guardian’s own proprietary portfolio forms the anchor funds under management, the Ceylon Guardian Group has now diversified its capital market activity on three fronts - namely client portfolio management, unit trust management (as a joint venture with Acuity Partners) and private equity management. Client portfolio management and unit trusts comprise the fee based business both of which are managed by SEC licensed fund management companies.
The performance of the fixed income and equity unit trusts have been maintained above their respective benchmarks, with the equity fund in particular consistently outperforming the All Share Price Index, returning a total 69% gain to unit holders since its inception approximately three years ago (benchmark ASPI for the same period was 28.2%).
Ceylon Guardian Chairman, I Paulraj said “leverage our in house core investment management competencies to service customized institutional portfolios, as well as a wider base of corporate, high net worth and individual investors through the unit trust business which is carried out as a joint venture. Our fee earning assets under management currently amount to Rs.7.5 b ie, Rs. 3.5 bn in client portfolios and Rs.4 bn in mutual funds”, and this figure has doubled over the last one year.
Guardian Group’s own proprietary portfolio amounts to Rs.27b.
www.dailynews.lk
The consolidated portfolio value increased to Rs.27.34 b, from Rs.24.23 b a year earlier; recording an appreciation of 15% when dividend payouts are factored in. Ceylon Guardian’s above average performance was attributed by the Investment Managers in their report to shareholders “to booking of profits on selected overvalued stocks”. On highlighting the medium term performance inclusive of strategic holdings, five year compounded annualized growth rate was 16.15% p.a. on portfolio value basis and 13.35% p.a. on market capitalisation, an All Share Index growth of 12.86% p.a for the same five year period.
The portfolio is managed by a professional team attached to Guardian Fund Management Limited, a company licensed by the Securities and Exchange Commission of Sri Lanka. Whilst Ceylon Guardian’s own proprietary portfolio forms the anchor funds under management, the Ceylon Guardian Group has now diversified its capital market activity on three fronts - namely client portfolio management, unit trust management (as a joint venture with Acuity Partners) and private equity management. Client portfolio management and unit trusts comprise the fee based business both of which are managed by SEC licensed fund management companies.
The performance of the fixed income and equity unit trusts have been maintained above their respective benchmarks, with the equity fund in particular consistently outperforming the All Share Price Index, returning a total 69% gain to unit holders since its inception approximately three years ago (benchmark ASPI for the same period was 28.2%).
Ceylon Guardian Chairman, I Paulraj said “leverage our in house core investment management competencies to service customized institutional portfolios, as well as a wider base of corporate, high net worth and individual investors through the unit trust business which is carried out as a joint venture. Our fee earning assets under management currently amount to Rs.7.5 b ie, Rs. 3.5 bn in client portfolios and Rs.4 bn in mutual funds”, and this figure has doubled over the last one year.
Guardian Group’s own proprietary portfolio amounts to Rs.27b.
www.dailynews.lk
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