The Namal Acuity Value Fund (NAVF) for the quarter ended December 31, 2015 has generated a return of 3.01% for the six month period ended December 2015, outperforming the benchmark All Share Price Index (ASPI) and the S&P Sri Lanka 20 Index (S&P SL20).
For the third quarter of FY16, the Fund recorded a 61.2% YoY growth in dividend and interest
income to Rs. 5.54m, which was offset by unrealized losses on financial asset held for trading.
As a result, the fund reported a total investment loss of Rs 22.80m compared to an investment income of 79.26m the perious year.
This resulted in a net loss of Rs. 27.56 m compared to a net profit of Rs. 73.24m in 3QFY15.
Net asset value of the fund declined 5.8% YoY to Rs. 1,366m. During 2015, the ASPI decreased 5.54% while the S&P SL20 declined 11.33%.
The average daily turnover during the year dropped to Rs 1,058m from Rs 1,411m in the comparative year.
Sri Lankan equity market witnessed a net outflow of Rs. 4.4bn (Jan-Dec 2015) as foreign investors exited emerging markets on the fear of economic slowdown and the US rate hike.
Foreign participation stood at 34.6% of turnover for the year 2015.
Benchmark 12 month Treasury bill auction yields increased by 111 basis points to 7.11% over the year under review.
CBSL raised the Statutory Reserve Ratio by 1.5ppt to 7.50% in December 2015 in order to control the demand side pressure on inflation, which was caused by the excess liquidity in the market.
www.dailynews.lk
For the third quarter of FY16, the Fund recorded a 61.2% YoY growth in dividend and interest
income to Rs. 5.54m, which was offset by unrealized losses on financial asset held for trading.
As a result, the fund reported a total investment loss of Rs 22.80m compared to an investment income of 79.26m the perious year.
This resulted in a net loss of Rs. 27.56 m compared to a net profit of Rs. 73.24m in 3QFY15.
Net asset value of the fund declined 5.8% YoY to Rs. 1,366m. During 2015, the ASPI decreased 5.54% while the S&P SL20 declined 11.33%.
The average daily turnover during the year dropped to Rs 1,058m from Rs 1,411m in the comparative year.
Sri Lankan equity market witnessed a net outflow of Rs. 4.4bn (Jan-Dec 2015) as foreign investors exited emerging markets on the fear of economic slowdown and the US rate hike.
Foreign participation stood at 34.6% of turnover for the year 2015.
Benchmark 12 month Treasury bill auction yields increased by 111 basis points to 7.11% over the year under review.
CBSL raised the Statutory Reserve Ratio by 1.5ppt to 7.50% in December 2015 in order to control the demand side pressure on inflation, which was caused by the excess liquidity in the market.
www.dailynews.lk
No comments:
Post a Comment