NAMAL expands reach

National Asset Management Limited, the pioneering Unit Trust company in Sri Lanka in its expansion drive to offer the company's retail fund portfolio to a wider spectrum of investors added the Union Bank branch network of 26 branches as a distribution channel recently.

It is imperative to have a comprehensive channel strategy that will enable investors easy access to Unit Trusts. NAMAL Unit Trusts are now available in all Union Bank branches and independent distribution channels will be introduced shortly said Head of Sales and Structuring of National Asset Management Limited, Charana Jayasuriya.

Unit Trusts enable individual investors to benefit from professional fund management, investment performance, portfolio diversification, additional investment alternatives and risk management for a low minimum investment. In addition, investors have the ability to redeem their investments on a daily basis. Unit Trusts enable investors to plan for future financial wealth, significant life milestones and a prosperous retirement.

NAMAL manages eight Unit Trusts offering different investment strategies including the only exchange traded fund and the only Shariah compliant fund. NAMAL also manages discretionary portfolios for institutional clients including insurance companies and provident funds. The National Equity Fund, the first Unit Trust to be launched in Sri Lanka, has generated 16.9% annualised return for the last 19 years.