Comtrust Equity Fund maintains Rs.2 dividend for the fifth consecutive year
View(s):The Comtrust Equity Fund has declared a dividend of Rs.2 for the year ended 31 March 2015 (FY15), one of the highest dividend payment for the current year by an Equity Fund in the Unit Trust industry. Incidentally, this is also the fifth consecutive year that the Fund has distributed Rs 2 per unit as Dividends.
Comtrust Equity Fund, a Balanced Fund investing in both equity and fixed income, rose 32.9 per cent for FY15, recording an over performance of 18.6 per cent vs. the benchmark All Share Price Index (ASPI), which rose 14.3 per cent during the same time period. The Fund also beat the more liquid S&P SL20 index, which rose 17.5 per cent for FY15, according to Comtrust Asset Management (Pvt) Ltd Senior Fund Manager, Thinushka Soysa.
Over the past three years, the Fund has achieved a CAGR of 14.4 per cent, whereas the ASPI recorded a 3 year CAGR of 8 per cent and the S&P SL20 recorded an 8.9 per cent performance.
The All Share Total Returns Index (ASTRI), which is inclusive of dividends, has posted a return of 10.7 per cent for the corresponding time period.
“Tactical asset allocation, combined with a strategic sector focus and investing in fundamentally sound undervalued shares has enabled the Fund to beat both indices during the last couple of years,” said Ms. Soysa, who has managed the Comtrust Equity Fund for the past three years, prior to which she held the position of Senior Equity Analyst, covering multiple sectors at CT CLSA Securities (Pvt) Ltd. She counts nearly six years of industry experience within the fields of Fund Management, Equity Research and Analysis.
Comtrust Asset Management (Pvt) Ltd is a pioneer Unit Trust Management company established in 1992 and manages funds with varied mandates including Unit Trusts, Islamic Funds as well as corporate and HNW individual portfolios.