Orient Wealth launches Unit Trust Fund

by Jayampathy JAYASINGHE

Ramesh Schaffter

Orient Wealth Limited launched a Unit Trust Fund and will operate following a license granted by the Securities Exchange Commission Orient Wealth's Portfolio Manager, Prasanna Kiridena said the company offers innovative investment schemes to attract investors.

The three newly floated funds are the Orient Gilt Edged Fund, Orient Corporate Debt Fund and the Orient Equity Fund. They will primarily invest in gilt securities, corporate debt securities and listed equities in the Colombo Stock Exchange. He said the funds will be managed by Orient Wealth and the investors' money will be in the custody of Deutsche Bank AG Colombo as the trustee and custodian. Orient Wealth also plans to attract investors to the Orient Retirement Saving Plan, Orient Child Education Plan and Orient General Investment Plan, he said.

The Chief Executive Officer (CEO) of Orient Wealth, S Jeyavarman said their intention was to remind and educate people on the importance of savings for the future. “We encourage long-term investments and our new products will serve this purpose. The Retirement and Child Education Plan is crucial today.” He said the Retirement Savings Plan offers people an opportunity to accumulate wealth step by step.