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Sri Lanka : INVESTRUST WEALTH introduces new Money Market Fund Management Service

June 9, 2014

Investrust Wealth Management Ltd, a member of Investrust Holdings Ltd (IHL), recently declared that it was as launching Investrust Money Money Market Fund and a discretionary portfolio management service.

From the subsequent month, this service would be reachable to the public.

In addition, initially, the firm was renowned as Orient Wealth Ltd is a Securities Exchange Commission of Sri Lanka (SEC) regulated Unit Trust

Investrust Money Fund will be invested in a diversified portfolio of high quality money market instruments that comprises Government Securities and Short-term Corporate Debt Securities. The Fund seeks to maximise current income consistent with preserving capital while maintaining daily liquidity. The assets of the Fund are held by the custodian, Deutsche Bank AG. The rights and interests of the unit holders are protected by the Trustee. Unit Trusts are duly regulated by the SEC under the SEC Act and the Unit Trust Code, it said.

IHL is a full-service investment banking company that renders investment banking advisory services, wealth management and securities trading facilities.

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Source: TendersInfo (India)

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