Orient Wealth to launch new products and servicesView(s):
Orient Wealth Limited received the license to manage unit trusts from the Securities Exchange Commission of Sri Lanka. The company will offer innovative investment schemes to small and larger investors through three open ended funds. These three unit trust funds will be managed by Orient Wealth and all investors’ money will be held under the custody of Deutsche Bank AG, Colombo as the Trustee and Custodian.
Orient Wealth Ltd and Deutsche Bank have signed the Trust deeds to enable this facility. The three funds, namely; Orient Gilt Edged Fund, Orient Corporate Debt Fund, and Orient Equity Fund will primarily invest in gilt securities, corporate debt securities and listed equities at the Colombo Stock Exchange respectively under the management of Orient Wealth investment team, a press release from the company stated.
Orient Wealth announces that investors in all parts of the island can now on subscribe for Orient Retirement Savings Plan, Orient Child Education Plan and Orient General Investment Plan, which are the investment schemes, introduced based on the three funds.
All three of these investment plans were formulated after intense market research to identify the saving and investment gaps in society. The explanatory memorandum and application forms are available at all Seylan Bank branches for investors to obtain more information about these investment schemes.
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