Last Updated : 2019-01-22 16:20:44

Apps Advertising Home Delivery Feedback

NEF declares higher dividends for CY14

1 April 2015 03:46 am - 0     - {{hitsCtrl.values.hits}}

A A A
National Asset Management Limited (NAMAL) paid a dividend of Rs.1.50 per unit to the unit holders of the flagship National Equity Fund (NEF) for the year ended March 31, 2015.
NAMAL Executive Director and Chief Investment Officer Avancka Herat stated, “NEF generated a total return of 33.3 percent in CY14, outperforming the Colombo Stock Exchange (CSE) All Share Price Index (ASPI) by 9.93 percent.
The equity market benefited from sound economic fundamentals, political stability, strong corporate earnings and positive direct inflow by foreign institutional funds and enabled NAMAL equity funds to deliver superior returns to its investors.”
He further stated that the fund has now achieved an impressive long-term track record in the last 23 years with a CARG of 15.44 percent (on a dividend reinvestment basis) since its inception in December 1991. NEF currently has Rs.2.4 billion assets under management (AUM) and the fund has paid dividends annually since inception, at a historical average of Rs.1.21.
NAMAL is Sri Lanka’s first unit trust management company, having commenced operations in 1991, with a 23-year track record of successfully investing in the Sri Lankan equity and debt markets. NAMAL currently operates nine unit trusts including the flagship NEF and the only listed unit trust. Principal shareholders of NAMAL are Union Bank of Colombo PLC and DFCC Bank PLC.

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Color code for all sweets, biscuits from April 2

A Colour Code System (CCS) indicating sugar and salt levels in packaged food

Online sexism perpetuates with impunity

The forward journey of a woman is often hampered by culture, stereotypes and

Karannagoda arrives at CID

Former Navy Commander Admiral Wasantha Karannagoda arrived at the Criminal In

25 UNP backbenchers to defeat President’s expenditure head

UNP MP Hirunika Premachandra said yesterday more than 25 UNP backbenchers wer

 

 

 

TODAY'S HEADLINES