Investrust Wealth launches a new fund
View(s):Investrust Wealth Management Ltd, a member of Investrust Holdings Ltd (IHL), this week said it was launching “Investrust Money” Money Market Fund and a discretionary portfolio management service that will be available to the public from next month.
The company formerly known as Orient Wealth Ltd is a Securities Exchange Commission of Sri Lanka (SEC) regulated Unit Trust
Picture shows Tyrone Hannan, Head of Global Securities Services of Deutsche Bank AG, Colombo Branch (left) exchanging the duly executed Trust Deed with Chairman of Investrust Wealth Management Ltd - Niranjan Mendis. Others from left are Dilan Jesudason -Deutsche Bank, Ms. Jayani De Silva - Nithya Partners, Chaminda Ranatunga - Investrust Wealth Management Ltd and S. Jeyavarman - Investrust Wealth Management Ltd.
Management Company, which currently manages Orient Gilt Edged Fund, Orient Corporate Debt Fund and Orient Equity Fund.
In a statement, it said Investrust Money Fund offers capital safety, liquidity, short term investment opportunity and gives a return above regular savings rates prevailing at a given time period and tax benefits to the investor.
“Investrust Money Fund will be invested in a diversified portfolio of high quality money market instruments that comprises Government Securities and Short-term Corporate Debt Securities. The Fund seeks to maximise current income consistent with preserving capital while maintaining daily liquidity. The assets of the Fund are held by the custodian, Deutsche Bank AG. The rights and interests of the unit holders are protected by the Trustee. Unit Trusts are duly regulated by the SEC under the SEC Act and the Unit Trust Code,” it said.
IHL is a full-service investment banking company that provides investment banking advisory services, wealth management and securities trading facilities.
Its subsidiary Investrust Capital (Pvt) Ltd has raised over Rs. 60 billion in the form of debt instruments for local corporate entities. IHL’s newly formed subsidiary, Straitslink Capital Pte Ltd, a Fund Management Company duly incorporated in Singapore is currently in the process of launching its international fund management activities.