Ceybank Unit Trust grows by 82%

Country’s largest unit trust fund’s net assets top Rs. 3 billion; Says market rally has not run its full course

Ceybank Unit Trust, Sri Lanka’s largest Unit Trust Fund achieved a another milestone with net assets exceeding Rs. 3,000 million on October 5, 2009, and recording 82% growth in 2009. BOC is the Trustee to the Funds.
“This remarkable performance was possible due to a more aggressive growth-oriented investment stance taken by the Fund Managers, guided by the Members of our Investment Advisory Panel and the Board who have wealth of experience in global business and finance. We have an excellent Team consisting of seasoned and well qualified investment professionals with more than 15-years experience. Their in-depth knowledge and understanding of the local market, and the tactical allocation into equity facilitated us to capitalise on the post war rally of the market” said Mrs. Siromi Wickremasinghe, Chairman of Unit Trust Management Co. (Pvt) Ltd (UTMCL).

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