Sumith Perera - Fund Manager, Guardian Acuity Asset Management Limited said; "GAAM equity fund has significantly outperformed the overall market largely on account of superior stock selection and a highly disciplined investment process. The unit holders of the fund have enjoyed a great return on their investment despite the relatively low performance of the market".
"The Guardian Acuity Fixed Income Fund objective is to give investors the highest possible return by exposing the fund only to high quality instruments and issuers which are investment grade and above. Investors in the fund have received a competitive return while being able to withdraw the funds at any point in time," said Sumith Perera.
GAAM funds consist of Guardian Acuity Equity Fund and Guardian Acuity Fixed Income fund which has varying investment objectives. The equity fund invests in listed equities on the Colombo Stock Exchange while the fixed income fund invests in high quality corporate debt and bank deposits, with a smaller exposure to government securities which are risk free. The performance of both funds during the year of inception have been above the market trends and both funds continue to grow even with market uncertainties and volatility.
GAAM is committed to giving better returns to the investors with the least risk and this is mainly due to the investment strategy which GAAM has adopted. The first year performance is evidence of this strategy and how it has helped GAAM to be right on top in terms of fund performance. Unit trusts give the small investor the opportunity to participate in the returns from a large diversity of financial instruments, which have been pooled together.