Business
Softlogic Invest records 37 per cent Equity Fund returns since inception
Softlogic Equity Fund delivered a return of 17.37 per cent after all fees, from its inception to the financial year that ended on March 31, 2021. The portfolio continued to give favourable returns to its investors and at the end of August 2021, the Fund delivered a 37.23 per cent return on since inception basis, Softlogic Invest’s inaugural annual report is quoted saying.
A press release said in this connection: Softlogic invest, one of the newest entrants into the unit trust industry sealed the completion of its first financial year with the launch of the company’s inaugural annual report, documenting the year ending in March 2021.
The Softlogic Equity Fund is one of the two funds launched by Softlogic Invest on 8th July, 2021 aims to provide growth by investing in the Colombo Stock Exchange (CSE). According to the report, the Softlogic Equity Fund delivered a return of 17.37% after all fees, from its inception to the financial year that ended on the 31st March 2021. The portfolio continued to give favourable returns to its investors and at the end of August 2021, fund delivered 37.23% return on since inception basis.
“From inception, our strategy has been to concentrate portfolios into key‐value counters while maintaining an appropriate level of diversification. We are greatly honored by the trust our investors have placed in us which is evident by our rapidly increasing investor base. As we complete a little over year in operations, we are proud to be home to over 3,500 unitholders amoung our newly launched two unit trust funds,” remarked Softlogic Invest Chief Executive Officer Niloo Jayatilake.
By the end of March 2021, the Softlogic Equity Fund remained at Rs. 99 Mn and as at end August 2021, the fund size increased up to Rs. 130 Mn. Unlike most of the other unit trust funds, the Softlogic Equity Fund does not charge any front‐end fees and allows unit holders to invest 100% of their investment in the fund, without the deduction of any fees at the time of investment.
“We are delighted to report these favorable numbers through our first ever annual report. The challenging year that has been 2021/22 have seen us primarily take position in financial, industrial, and material segments. While we don’t allocate funds solely using a top‐down level approach, we carefully select companies that come under these sectors for future value creation. With the success of the first year, the company is well‐placed to continue to deliver high quality, long‐term growth for all stakeholders,” Softlogic Equity Fund Portfolio Manager Daham Hettiarachchi, CFA stated.
The Softlogic Equity Fund is an open‐ended Equity Fund that seeks to place undervalued equity investments through a well‐practiced and strategized fundamental analysis. The Softlogic Equity Fund is operated by a highly skilled team of financial experts backed by a wealth of experience. Further, what’s even more exciting is how investors can easily commence their investment journey with a mere Rs. 5,000 and the seamless online journey that Softlogic Invest introduced to Sri Lankans and in the process went onto completely transform the country’s investment sphere.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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