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Sri Lanka mutual fund expands reach
24 Oct, 2011 14:01:40
Oct 24, 2011 (LBO) - National Asset Management Limited, the first unit trust company in Sri Lanka, has added the Union Bank branch network of 26 branches as a distribution channel.
“It is imperative to have a comprehensive channel strategy that will enable investors easy access to unit trusts,” said Charana Jayasuriya, Head of Sales and Structuring of National Asset Management Limited.

New independent distribution channels will also be introduced shortly, he added.

NAMAL manages eight unit trusts or mutual funds offering different investment strategies including an exchange traded fund and a Shariah compliant fund.

NAMAL also manages portfolios for institutional clients including insurance companies and provident funds.

NAMAL is owned by Union Bank of Colombo, DFCC Bank, and Ennid Capital, an investment arm of BP De Silva Holdings Singapore.
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