NEF outperforms ASPI
The National Equity Fund (NEF), managed by National Asset Management
Limited (NAMAL), led the Unit Trust industry again with outstanding
performance in 2013.
The NEF return of 17.1% in 2013 was the best of the 46 Unit Trusts in
the industry, according to data compiled by the Unit Trust Association
of Sri Lanka.
NEF outperformed the CSE All Share Price Index (ASPI) by 12.30% in
2013 and has delivered an annualised return of 15.1% since inception in
Executive Director and Chief Investment Officer of NAMAL, Avancka
Herat said that the NEF outperformed the aggregate market and competitor
funds through superior selection of equities and timely reallocation of
He said that the introduction of the NAMAL Retirement Savings Plan
linked to the NEF enables investors to benefit from these high returns,
by investing regularly through a monthly investment plan (MIP).
The Fund's key equity holdings include Asiri Hospital Holdings,
Dialog Axiata PLC, Central Finance, Ceylon Hospitals and Lanka IOC.
NAMAL is Sri Lanka's first Unit Trust Management Company, having
commenced operations in 1991 and was awarded the Best Investment
Management Company in Sri Lanka in Investment Management Awards 2013 by