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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CANDOR OPPORTUNITIES FUND (COF.U0000)

CANDOR OPPORTUNITIES FUND (COF.U0000)

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Government policy change is essential for helping Sri Lanka’s capital market generate wealth-creation opportunities, Candor Group Director and CEO Ravi Abeysuriya said. 
Abeysuriya said it was imperative to et Sri Lanka into the MSCI Emerging Market Index, which could be a major catalyst in attracting foreign investors to its capital market. 
“This can be achieved by listing two large profitable state institutions and establishing a public float of over 20%. $ 9.5 trillion in assets is estimated to be benchmarked to MSCI indexes. When Sri Lanka is in the index, MSCI Emerging Market Index tracker funds will be required to invest in Sri Lanka as they need to replicate the index,” he asserted.
The MSCI Emerging Market Index captures large and mid-cap representation across 23 Emerging Market countries with 836 constituents. The index covers roughly 85% of the free float adjusted market capitalisation in the country.
Speaking at a forum organised by the Ceylon Chamber of Commerce entitled ‘Stock Market: Regulatory Framework and Investment Challenges’, Abeysuriya emphasised the need for a paradigm shift in the way Sri Lanka’s investment advisors treated their clients, in order to restore investor confidence and attract more long-term savers to the capital market. 
He said while better regulation and enforcement of regulation was required, there was empirical evidence that robust governance required a focus on an “ethical culture” within financial institutions such as stock brokerages and asset management firms. 
“To restore trust, we need a shift towards greater integrity and accountability. We need a stronger and systematic ethical dimension. Getting back on the right path requires education and leadership that is sustained over many years. Most importantly, it requires investors and financial leaders taking values as seriously as valuation and culture as seriously as capital,” he added.
Clarifying his point further, he stated: “Even Pope Francis has recently said it is important that ethics once again play its due part in the world of finance and that markets serve the interests of people and the common good of humanity.”
When investors do not trust the capital market they are unlikely to save and invest for their future and achieve their long-term financial goals, he explained.
For Sri Lanka to transform its capital market into one which produces wealth-creating opportunities, he suggested that it need to get some vital components right. 
“If investment advice is accurate, reliable, transparent and received by everyone at the same time, then it is less likely that decisions will be made on emotion and a herd instinct. All stakeholders need to instil public trust in the market, market intermediaries that serve the best interest of clients and robust regulatory standards that protect investors and advocate fair play,” he added. In that context he pointed out that market liquidity had a very strong relationship with stock market growth. The price discovery mechanism would work more efficiently and market manipulations could be prevented if the liquidity of the shares traded was increased. But it was imperative for investors to be financially literate and more prudent, he said.
Abeysuriya suggested that the Securities and Exchange Commission of Sri Lanka (SEC) establish a facility to verify the integrity of RIAs and market intermediaries. A facility where an investor could simply type in their current or prospective broker’s name to see employment history, certifications and licenses as well as regulatory actions, violations or complaints an investor might want to know about. 
He said the CFA Institute with its Future of Finance campaign is getting the message out to unite investment professionals in a commitment to place investor interests above all others. This initiative aims to create awareness about the CFA Institute’s ‘Code of Ethics and Standards of Professional Conduct’, ‘Asset Manager Code’ and ‘Integrity List – 50 Ways to Restore Trust in the Investment Industry’ and encourage the global investment community to endorse and share the Statement of Investor Rights, which is a list of 10 rights that any investor anywhere in the world should expect from financial service providers. 
Abeysuriya said his favourite seven from the 50 ways to restore trust were to highlight unethical behaviour, advocate stronger regulations that protect investors, never overlook unethical behaviour, bring to justice those who take part in irresponsible and illegal activities, help clients focus on risk as much as they do on performance, strive for a conflict-free business model and act with integrity 24/7 – not just in the office.


Courtesy: Daily Financial Times 12 May 215

2CANDOR OPPORTUNITIES FUND (COF.U0000) Empty CANDOR OPPORTUNITIES FUND (COF.U0000) Thu Oct 29, 2015 12:56 pm

fatmanlk


Stock Analytic
Stock Analytic
Any views on the IPO. Candor Opportunities Fund IPO.

IPO price Rs.10.

smayadunne


Senior Equity Analytic
Senior Equity Analytic
I thought it may be opportune for you to look at investing in the Candor Opportunities Fund to benefit from the long term growth opportunities in Sri Lanka as historically equity has been the highest performing asset.

CSE announcement said it has  just surpassed the Rs.400 million mark yesterday of the Candor Opportunities Fund. An unique opportunity to invest in a five year, listed, close-ended and professionally managed Unit Trust fund. It is an ideal investment vehicle for high net worth individuals and companies that wish to get exposure to growth opportunities of a diversified portfolio of elite listed companies in Sri Lanka over the next five years.
Investors of the fund will benefit from:


[list=margin-top:0in]
[*]Capital appreciation of fundamentally strong diversified portfolio of companies
[*]Professional Fund Management: The fund will be managed by a team of professionals with over 30 years of fund management experience
[*]Diversification and rebalancing of the asset allocation based on geopolitical and macroeconomic expectations to provide optimum returns
[*]Ability to exit anytime at prevailing market price as the fund is listed in the Colombo Stock Exchange
[*]Total Income is Tax Free
[*]Annual dividend income over the life of the fund
[/list]


(Extracted from Email which i got from promoters) 

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smayadunne wrote:I thought it may be opportune for you to look at investing in the Candor Opportunities Fund to benefit from the long term growth opportunities in Sri Lanka as historically equity has been the highest performing asset.

CSE announcement said it has  just surpassed the Rs.400 million mark yesterday of the Candor Opportunities Fund. An unique opportunity to invest in a five year, listed, close-ended and professionally managed Unit Trust fund. It is an ideal investment vehicle for high net worth individuals and companies that wish to get exposure to growth opportunities of a diversified portfolio of elite listed companies in Sri Lanka over the next five years.
Investors of the fund will benefit from:


[list=margin-top]
[*]Capital appreciation of fundamentally strong diversified portfolio of companies
[*]Professional Fund Management: The fund will be managed by a team of professionals with over 30 years of fund management experience
[*]Diversification and rebalancing of the asset allocation based on geopolitical and macroeconomic expectations to provide optimum returns
[*]Ability to exit anytime at prevailing market price as the fund is listed in the Colombo Stock Exchange
[*]Total Income is Tax Free
[*]Annual dividend income over the life of the fund
[/list]


(Extracted from Email which i got from promoters) 

1. Asset Allocation:-
Very Happy Equity - 97%

Very Happy Fixed Income Securities - 3%



2. Trading Cost is  smaller than other shares :-
Laughing CSE Fee - 0.02%

Laughing SEC Fee - 0.02%

Laughing CDS Fee - 0.01%

Laughing Brokerage - Negotiable

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics
Hope this will not another LLMP, ALHP

6CANDOR OPPORTUNITIES FUND (COF.U0000) Empty Re: CANDOR OPPORTUNITIES FUND (COF.U0000) Thu Jan 14, 2016 11:46 am

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

KEEP on EYE ...

COF.U (candorFund) trading under IPO price ..I thing this will go like NAVF.U (namal fund). But not in short term...

any how they announce their NAV every month first like NAVF

So when they announce positive NAF over 10/= this will be go up and up ...

KEEP on EYE ..

7CANDOR OPPORTUNITIES FUND (COF.U0000) Empty Re: CANDOR OPPORTUNITIES FUND (COF.U0000) Thu Jan 14, 2016 12:29 pm

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics
Just my thoughts! 

Please note the perfromance of NAVF against its NAV. Over the last 13 months it has traded at an average discount of 24.73%. During the same period the highest discount it traded was 30.30% ad the lowest was 15.41% (September last year). 

Why I referred to last 13 months is for make it comparable from the point of those funds' planned closures. Even thought NAVF was initally launched as a 10 year fund, now about 5 years is left before its dessolution. Hence, both funds are almost comparable from that point. However, as of now COF is trading at a 3% discount to its issue price and at a 2.22% discount to its last published NAV of LKR 9.92. For the end of this month my prediction is that it will barely reach the NAV of LKR10.00 (my exact calculation is LKR9.96%). Going by this, either NAVF is undervalued or COF is overvalued. My view is the latter.

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Investors are panicking because of the articles you published regarding 'property market bubble'
This research on property, is it done by request of industry experts? What is/are the trigger(s) that you (candor research) identified as a requirement to carry out the research?

deli

deli
Senior Equity Analytic
Senior Equity Analytic
Nobody (atleast nobody sensible enough) likes to touch on property price bubble because it appears property prices wont decrease for the next 50 years.

10CANDOR OPPORTUNITIES FUND (COF.U0000) Empty Re: CANDOR OPPORTUNITIES FUND (COF.U0000) Sun Mar 10, 2019 2:41 pm

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Topic worth discussing though, somebody is playing "God" and has made "candor" a prophet full of prophecies.

11CANDOR OPPORTUNITIES FUND (COF.U0000) Empty Re: CANDOR OPPORTUNITIES FUND (COF.U0000) Tue Dec 03, 2019 10:25 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
CANDOR OPPORTUNITIES FUND (COF.U0000) Screen26
CANDOR OPPORTUNITIES FUND (COF.U0000) Screen27
CANDOR OPPORTUNITIES FUND (COF.U0000) Screen28

Poor Performance. Less than 3% gain to the Unit Holders. Its better investing in a FD at 12% per annum.

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