July 22, 2018 (LBO) – Guardian Acuity Asset Management underlined its position as one of Sri Lanka’s leading unit trust management companies, winning the Gold and Silver awards for the Best Unit Trust Fund at the CFA Sri Lanka Capital Market Awards 2018, held in Colombo Tuesday 26th June 2018.
The Guardian Acuity Equity Fund managed by Asanka Jayasekera, CFA, won the Gold Award in the Best Unit Trust Fund Category, and Sashika Wickramarathne managing the Guardian Acuity Money Market Fund followed with the Silver Award, cementing the top slots in the category for the Group. This is the third consecutive year of success for Guardian Acuity Asset Management at the prestigious CFA Sri Lanka Capital Market Awards, winning Silver and Bronze awards at last year’s installment, following a Silver award back in 2016.
The Capital Market Awards hosted by CFA Sri Lanka aims to recognize and inspire investment professionals, advocate standards of best practice and excellence. The recognition serves as the highest accolade within the local investment industry, and Guardian is privileged to be awarded under the Best Unit Trust Fund category this year.
Sumith Perera, Director Guardian Acuity Asset Management said: “These awards stand testimony to the high standards of integrity, service and acumen we have delivered continually for successive years. I wish to thank our investors and stakeholders for their trust and confidence in our unit trust funds. Further I also wish to thank CFA Society Sri Lanka for their continuous commitment to uplift standards of the local capital market. We will build further on our success to transcend beyond every expectation of our valued stakeholders.”
A joint venture between Ceylon Guardian Investment Trust PLC (a subsidiary of local conglomerate Carson Cumberbatch PLC) and Acuity Partners (a collaboration between Hatton National Bank and DFCC Bank), Guardian Acuity Asset Management offers three Unit Trust Funds. The Guardian Acuity Equity Fund was launched in 2012 giving the opportunity to the general public to partake in Guardian’s successful equity strategy in the Colombo Stock Exchange. The Guardian Acuity Money Market Fund invests in investment grade fixed income securities maturing within a year, whereas the Guardian Acuity Gilt Fund invests in Government Securities maturing within a year.
The CFA society Sri Lanka is the local chapter of the CFA institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance reporting standards for the investment industry. The award criteria include adoption of accepted performance reporting measures, efforts taken to improve investor communication and focus on compliance.