Business
NAMAL’s National Equity Fund surpasses ASPI by over 40%
The National Equity Fund, a unit trust managed by National Asset Management Limited recorded a noteworthy performance during 2020 despite the macro economic challenges and outperformed the ASPI of the Colombo Stock Exchange by over 40%. The fund which is Sri Lanka’s first equity focused unit trust with a track record of over 29 years recorded an impressive return of 14.9% for the year ending 31st December 2020 whereas the ASPI recorded a return of 10.5% during the same period.
Commenting on the performance, NAMAL’s Director/CEO Rusiru Abeyasinghe said “The performance of the National Equity Fund further endorses our cohesive investment philosophy of investing in companies with sound business models, high caliber management and strong medium term growth prospects.”
NAMAL’s investment team is focused on actively managing the equity portfolio of the fund by constantly engaging with management of listed companies & other stakeholders to seek investment opportunities and proactively timing entry to and exit from stocks. The National Equity Fund is a balanced fund which takes a maximum exposure of 80% to the stock market whilst balancing risks via fixed income investments with the remaining 20% of the fund.
Speaking about the opportunity for investors Abeyasinghe said “The National Equity Fund offers investors an ideal avenue to obtain professionally managed stock market exposure. It is a vehicle for busy professionals to obtain better returns on their stock portfolio without being worried about missing out on opportunities in the market due to their busy lifestyle. Further the fund offers investors exposure to a diverse portfolio of stocks which an individual investor would normally not be able to achieve in the market.
Additional information on the fund and its performance can be obtained either though the NAMAL website or by speaking to our wealth managers” he added.
NAMAL also manages the NAMAL High Yield Fund, a money market unit trust which provides investors with an alternative route to obtaining better returns on their savings.
National Asset Management Limited is a subsidiary of Union Bank of Colombo PLC and an associate of DFCC Bank PLC.
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.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
