Ramani Kangaraarachchi
NAMAL Equity Fund is looking at diversification and sees future potential in sectors such as agriculture, healthcare, retail foods, financial and infrastructure services.
The market is already priced in an appropriate amount of economic growth, NAMAL National Equity Fund Chairman Ajith De Zoysa said.
He said NAMAL with the backing of two strong financial institutions, is now uniquely positioned to identify the best investment opportunities and to distribute new investment products to its existing and future clients shortly.
It will continue to focus on identifying investments that are attractively valued, on an individual basis which could outperform market returns in the long-run. The company will also look at opportunities to exit from counters that are expensive relative to their underlying value. De Zoysa said the company is optimistic about the future growth trajectory of the economy and the capital markets but remain aware of the importance of making the right investment choices.
NAMAL is the first company to launch a listed unit trust and a shariah-complaint unit trust and will continue to remain at the forefront of providing innovative investment products.
He said that Union Bank of Colombo PLC acquired the majority shareholding in National Asset Management Limited in February 2011.
The DFCC Bank remains its shareholding and joined by Ennid Capital Pvt Ltd an investment arm of BP De Silva Holdings of Singapore.
He assured that the style of investment management will remain the same following the change in ownership delivering long-term capital appreciation and income to its investors by adopting conservative fundamental based investment management.
source - www.dailynews.lk
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