ECONOMYNEXT – Sri Lanka’s Capital Alliance Funding Ltd formally listed practically 915 million of its ‘CAL 5 12 months Closed Finish Fund’ on the Colombo Inventory Alternate (CSE) by the use of an Introduction, the bourse mentioned in an announcement.
The ‘CAL 5 12 months Closed Finish Fund’ is a hard and fast earnings unit belief scheme with a five-year tenure, accepted by the regulator, Securities and Alternate Fee of Sri Lanka (SEC).
“It’s designed to offer traders with capital preservation, curiosity earnings, and potential capital beneficial properties based mostly on prevailing and anticipated rate of interest actions,” the bourse mentioned.
The fund was constituted by a Belief Deed dated September 6, 2024, with Hatton Nationwide Financial institution PLC serving because the trustee and custodian.
The models of the fund are absolutely paid, freely transferable, and tradable on the CSE on the Web Asset Worth (NAV) or at a premium/low cost based mostly on market demand.
“For traders, listed unit trusts provide each stability and liquidity whereas enabling participation in professionally managed funding methods. The itemizing of models by the use of introduction ensures liquidity for present unit holders whereas creating alternatives for brand spanking new traders to diversify their portfolios,” Vindhya Jayasekera, the CSE’s CEO designate mentioned.
“We encourage extra fund managers and monetary establishments to leverage the capital market to introduce revolutionary funding merchandise, as rising investor curiosity continues to strengthen market participation and confidence.”
Gayan De Silva, the CEO of Capital Alliance Investments Restricted mentioned the corporate firmly believes that capital markets function a important middleman in transferring wealth throughout economies
“What units the ‘CAL 5 12 months Closed Finish Fund’ aside is that its models will probably be traded on the inventory change similar to particular person shares, permitting traders to purchase and promote models all through buying and selling hours, offering flexibility and accessibility,” De Silva mentioned.
“The launch of this fund is extra than simply an addition to our product portfolio—it represents a step ahead in increasing the choices on the inventory change and boosting market participation, which we firmly consider will help the event of Sri Lanka’s capital market.” (Colombo/March 21/2025)
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