CAL lists Five Year Optimum Fund

The captioned units of the CAL FiveYear Optimum Fund were listed on the Colombo Stock Exchange (CSE) yesterday.

Accordingly, 193,904,428 units of the fund were listed by way of an Introduction. This is the first unit listing in over a decade, warranting the occasion to be marked with a special Bell Ringing Ceremony.

Chairman of the CSE, Dilshan Wirasekara, said, “It is indeed a unique day today as we list the CAL Five Year Optimum Fund, the only active listed fixed income closed-end fund that is available in the Colombo Stock Exchange.”

Wirasekara further said, “The CSE has always wanted to encourage the Unit Trust industry because we believe that it is probably the best way to broaden the base of retail investors and an ideal vehicle for investors to enter the exchange.” “We’ve seen huge growth in the Unit Trust industry, and it’s heartening to know that new funds are coming to the forefront. I believe it will bode well for the industry as a whole.”

Gayan De Silva, CEO of Capital Alliance Investments, stated, “At CAL, our entire value system is built upon making sure we enhance the capital markets, and the listing today demonstrates our continuous commitment to be one of the most dynamic fund managers in Sri Lanka.”

“We believe capital markets act as an intermediary in transferring wealth from financial markets to the real economy, and thereby pushing economies into prosperity.”

“In terms of trading, the investors of a closed-end fund will be able to buy and sell units based on the market price, similar to a stock. It is an amazing opportunity for investors to use this platform for better portfolio diversification.”

“I also believe the launch of this fund will increase the product offerings of the CSE, thereby increasing market participation, which is critical for the development of our capital markets.”

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