JB Vantage MMF celebrates 10 years of growth and stability
View(s):The JB Vantage Money Market Fund (MMF) celebrates its 10th year having been launched on August 4, 2011.
The Fund started with Assets Under Management (AUM) of Rs. 730 million (December 2011) and has grown to a value of over Rs. 22.22 billion (as at 30th June 2021), MMF said in a media release.
The Fund has celebrated many achievements and accolades; such as compliance with GIPS® and Asset Manager Code, a SL A+ (mfs) rating from ICRA and it garnered four Best Unit Trust awards at the CFA Sri Lanka Capital Market Awards, it said.
The release said Money Market Funds are low-volatility investment opportunities that allow both an attractive return on your money and a high degree of liquidity. “That means you can easily and quickly move cash in and out of a money market fund without penalties. JB Vantage has a proven track record of providing clients with higher returns within the Money Market Unit Trust category. With readily available cash payout to investors within two working days of receiving a redemption request ensuring a positive client experiences through investment performance and personal attention to client relationships,” it sai.
Christine Dias Bandaranaike CFA, CEO, JB Financial, said: “JB Vantage Money Market Fund has over the past 10 years maintained a strong track record, with outperformance and asset growth in a competitive fixed income environment. We are committed to delivering funds to our client-base that can improve their investment outcomes. A Money Market Fund provides access to investments otherwise only available to the most high net-worth individuals. This means investors can benefit from sophisticated products such as commercial papers and trust certificates which carry superior risk adjusted yields. Our Fund’s strong performance was aided by the active management approach and dynamic portfolio positioning.”