The Sri Lanka Fund (SLF) managed by Guardina Fund Management Limited said that it has invested in Expolanka Holdings PLC, a diversified conglomerate with main interest in logistics.
To fund the investment, SLF has disposed 6 percent of its pre-disposal stake in John Keells Holdings PLC, another diversified conglomerate with main interest in logistics and tourism.
The latest fact sheet of the fund also said that during the month of August, the indices of the Colombo Stock Exchange were mainly driven by investor speculation on penny stocks, and the fund underperformed the market by 300 basis points.
The size of the SLF as per August 2011 was US$ 2.87 million. The top five holdings of the fund were John Keells Holdings PLC (16.34%), Cargills Ceylon PLC (11.55), Distilleries PLC (10.30%), Tokyo Cement Company (Lanka) PLC (10.34%) and Lanka Floor tiles PLC (8.94%).
SLF is a an open-ended fund incorporated in the Cayman Island in October 21, 1993.
source - www.dailymirror.lk
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