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25 February, 2014 07:13 AM Source: Financial Times - Sri Lanka
Mutual-Funds.jpg

The flagship National Equity Fund (NEF), managed by National Asset Management Limited (NAMAL) led the unit trust industry again with outstanding performance in 2013.
The NEF return of 17.1% in 2013 was the best of the 46 unit trusts in the industry according to data compiled by the Unit Trust Association of Sri Lanka.
NEF outperformed the CSE All Share Price Index (ASPI) by 12.30%in 2013 and has delivered an annualised return of 15.1% since inception in 1992.
Avancka Herat, Executive Director and Chief Investment Officer of NAMAL, stated the NEF was able to outperform both the aggregate market and competitor funds through superior selection of equities and timely reallocation of assets.
He stated that the introduction of the NAMAL Retirement Savings Plan linked to the NEF enables investors to benefit from these high returns, by investing regularly through a monthly investment plan (MIP). The Fund’s key equity holdings include Asiri Hospital Holdings, Dialog Axiata PLC, Central Finance, Ceylon Hospitals and Lanka IOC.

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