The Ceylon Money Market fund that lends to investment grade, rated corporates over the short term reported a 11.42% (annualized) return during the 1H of 2017.
The Ceylon Dollar Bond Fund that invests in dollar denominated SL Sovereign and Bank Bonds, reported a performance of 5.43% (annualized) in dollars during the first half of 2017. The fund has been awarded a B+ international dollar rating by Fitch Ratings that mirrors Sri Lanka’s country rating.
The funds are managed by Ceylon Asset Management while Deutsche Bank is Trustee and Custodian of the fund. Ceylon Asset Management is an associate company of Sri Lanka Insurance Corporation. Sources - UTA, CSE
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