Sri Lanka money market fund by Asset Trust

July 02, 2013 (LBO) – Sri Lanka’s Asset Trust Management (Pvt) Ltd, a fund management company said it has launched a money market mutual fund, which will invest in government and private fixed income securities. Among the people behind the firm is Wickrema Weerasooria, Mangala Boyagoda and Eastman Narangoda.

Asset Trust Management is already managing a mutual fund focused on government securities, ASTRUE Gilt-Edged Fund.

The new ASTRUE Money Market Fund will take “advantage of short term opportunities in fixed income securities such as Treasury bills, bonds, government backed securities, corporate debt instruments and fixed deposits,” the company said.

Subscription of the mutual fund will be open until July 10, 2013.

The manager and registrar to the fund is Asset Trust Management (Pvt) Ltd., and the trustee and custodian is Deutsche Bank AG, Colombo.

Asset Trust Management (Pvt) Ltd said it is licensed by Sri Lanka’s Securities and Exchange Commission as an investment manager and unit trust manager.