First Capital Asset Management Limited, Managers of the First Capital Wealth Fund, announced a dividend of Rs. 100 per unit for the year 2019/20. The fund has delivered a return of 11.14% (Compounded Annual Growth Rate) since inception as at 05th October 2020.
“Astute assessment of market opportunities, leveraging on interest rate fluctuations and prudent management is attributed to the successful growth of the unit trust funds under our management” said Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited.
“Utilizing our expertise as a specialised knowledge and industry expert, in debt market services and prominent non-bank primary dealer in Sri Lanka, we are confident that the unit trusts managed by First Capital Asset Management Limited will continue to reap the rewards of timely, well-informed investments,” concluded Karunamoorthy.
First Capital Asset Management Limited, a subsidiary of First Capital Holdings PLC, is licensed and approved by the Securities and Exchange Commission of Sri Lanka (SEC) while Bank of Ceylon (BOC) acts as the trustee and custodian for the fund. The Company specializes in managing investments for high net-worth individuals, trusts and companies. First Capital Asset Management Limited is a subsidiary of First Capital Holdings PLC which offers investment solutions in Fixed Income, Equities, Wealth Management and Capital Markets Advisory.
Source From biz.adaderana
Author: Isma Izzath
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