Option to take advantage of current interest rates outlookJune 22, 2016, 7:23 pm
The Guardian Acuity Money Market fund which is more than four years old has returned 48.44% to its investors. This is an annualized return of 11.37%. The fund invests in government securities, fixed deposits and commercial papers and provides for easy withdrawals with no penalties for withdrawals.
The Money Market Gilt fund which was launched in March 2015 has returned 7.94% since inception for its investors and invests purely in government securities and related products. Both funds are tax free funds for investors.
Guardian Acuity Asset Management is a joint venture between Acuity Partners Ltd and the Ceylon Guardian Investment Trust PLC. Acuity Partners is a joint venture between Hatton National Bank and DFCC Bank. Ceylon Guardian Investment Trust is the fund manager of the Carson Cumberbatch group managing over Rs.35 billion in both public and private wealth.
Guardian Acuity Money Market Funds offers investors the opportunity to take advantage of the current high interest rates environment. Says Sashika Wickramaratne, Fund Manager for Guardian Acuity Money Market Fund and the Money Market Gilt Fund: "The interest rates have elevated and will remain at prevailing levels if the government can attract foreign funds into the planned bond issues.
Last Updated Apr 28 2017 | 09:24 pm