Investrust Wealth Management Ltd, a member of Investrust Holdings Ltd, announces that its Investrust Money Market Fund (Investrust Money Fund), an open ended unit trust fund licensed by Securities and Exchange Commission of Sri Lanka (SEC) has been the best performing Money Market Fund for the year ended 2015. The Fund delivered a net after fee return of 8.60% p.a. while outperforming all the Money Market Funds available in the market according to the data compiled by Unit Trust Association of Sri Lanka (UTA). Unit Trust industry in Sri Lanka currently comprises fourteen fund management companies with seventeen Money Market Funds.
Investrust Money Fund which was launched in June 2014 is a diverse cash strategy consisting of a portfolio of government securities and investment grade and above rated short term corporate debt instruments. The fund is actively managed to provide a maximum current income consistent with preservation of capital and daily liquidity. The fund’s objective is to consistently outperform the benchmark of monthly weighted average 3-Month Treasury bill yield. The assets of the fund are held by the custodian, Deutsche Bank AG, Colombo branch. The rights and interests of the unit holders are protected by the Trustee. Unit Trusts are regulated by the Securities and Exchange Commission of Sri Lanka (SEC) under the SEC Act and the Unit Trust Code.
The fund manager, Investrust Wealth Management Limited is a Securities and Exchange Commission of Sri Lanka (SEC) regulated Unit Trust Management Company, which currently manages Investrust Gilt Edged Fund, Investrust Income Fund, Investrust Money Market Fund and Investrust Growth fund.
Investrust Money Fund’s strong absolute and relative returns during the last year are a testament to fixed income investment strategies, processes and the talent of our investment professionals. The fund takes a diversified approach to managing money market securities. The strategy maintains a high level of credit quality, liquidity, and principal stability. This fund relies on Investrust’s expertise in managing risk and delivering consistent current income for an investor’s cash needs. Current net yield of Investrust Money Fund is 8.83% p.a.
Investrust Holdings Limited (IHL) is a boutique investment banking services company in Sri Lanka. IHL holds a complementary business portfolio of fee based investment banking and wealth management. Investrust Capital (Pvt) Ltd, which is a subsidiary of Investrust Holdings Ltd, has excelled in the areas of corporate debt and capital markets of Sri Lanka since it’s incorporation in year 2005. It has raised over LKR 69bn in the form of debt instruments for local corporate entities.