- CEYLON MONEY MARKET FUND – 8.23% p.a.
- CEYLON FINANCIAL SECTOR FUND – 21.08%
The Ceylon Money Market Fund managed by Ceylon Asset Management (CAM) emerged as the top performing Money Market Fund for 2021 Q1 reporting an annualized return of 8.23% p.a. Meanwhile, Ceylon Financial Sector Fund emerged as the best performing stock market fund for 2021 Q1 reporting a return of 21.08% as at 31st March 2021 as per the data published by the Unit Trust Association of Sri Lanka. Furthermore, Ceylon Dollar Bond Fund, the only Sovereign Bond Unit Trust Fund in Sri Lanka reported a year to date (YTD) dollar return of 10.59% as at 31st March 2021.
Ceylon Asset Management has engaged in asset management for over two decades and currently manages eight Unit Trust Funds that involve both stock market and fixed income categories including the above funds. The funds are licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and Hatton National Bank (HNB) acts as the Trustee & Custodian for Rupee denominated funds.
Ceylon Money Market Fund is a fixed income fund that invests in short term fixed income instruments of investment grade companies that offer attractive interest rates. Investors are allowed to withdraw their investments at any time with interest that is accrued on a daily basis.
We are pleased to note that the unit trust industry has attracted investor attention given the low interest environment to surpass LKR200Bn in Assets under Management by end of March 2021, the highest in its history. Ceylon Money Market Fund has maintained its top performance in the money market category until May 2021, as per the last reporting date of the industry. This fund continues to offer an attractive yield for investors to reap higher benefits reporting a return of 8.10% p.a. as at 23rd June 2021.