Guardian Acuity Equity Fund outperforms ASI three years in a row
View(s):The Guardian Acuity Equity Fund has appreciated 37.89 per cent last year, beating the ASI (the CSE All Share Index) which rose by 23.44 percent during the same period.
The fund, which has been in operation since February 2012, has appreciated by 67.4 per cent during that period, whereas the ASI in the same period increased by 33.28 per cent, the company said in a statement.
The more sensitive S&P SL 20 stock index, which is a gauge of the most liquid stocks of the Colombo Stock Exchange, gained 38.35 per cent during the same three years.
The investment scheme which is an open ended, continues to attract investors both institutional and retail who are impressed with the sustained performance of the fund. The Guardian Equity Fund is managed by Guardian Acuity Asset Management Ltd (GAAM), which is a joint venture between Acuity Partners (Pvt) Ltd and Ceylon Guardian Investment Trust PLC. Ceylon Guardian Investment Trust PLC manages over Rs. 33 billion in assets and is a listed subsidiary of the diversified conglomerate Carson Cumberbatch PLC. Acuity Partners (Pvt) Ltd is the joint venture Investment Bank promoted by Hatton National Bank and DFCC Bank.
Ruvini Fernando, CEO of Guardian Fund Management Ltd, said “Investors in the funds have benefited from our ability to identify stocks that have strong potential to outperform the broader market even in times of volatility. We have a qualified and experienced in-house research arm, and, we also benefit from the research provided to us by some of the best stockbrokers”.Mohandas Thangarajah, General Manager of GAAM, added “The performance of the fund is proof that the scientific approach to investment beats all other methods. We have kept the entry point at Rs 1.000Vand the management fees low to attract the masses to the market. It is usually the small investor who gets burned by bad advice, bad timing and inability to diversify”.