NAMAL Acuity Value Fund (NAVF), in its first quarterly report for the period ended December 31 2009 since being listed on the Colombo bourse says the net gain during this period was Rs 58.47 million.
This was made up of interest income (Rs 3.39 million), realised gains from sale of shares (Rs 4.80 million) and unrealized gain from shares (Rs 50.28 million), the company said. At the end of this period the Net Asset Value of the Fund stood at Rs 582.59 million. The fund raised Rs 537.5 million (Rs 524.12 million net of front end fee of 2.5%) from investors in the Initial Public Offer.
The fund investment also increased gradually to 82.5% in 12 listed equities while keeping the balance funds in short term fixed income securities.
Overall the unit value increased by 11% in this period in comparison to 17% increase in the All Share Price Index (ASPI). |
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