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NAMAL to list in CSE

National Asset Management Limited (NAMAL) is in the process of convincing the Stock Exchange to list the unit trust investments of NAMAL investors.

This will enable investors to redeem their investment funds on a short-term basis, Chief Executive Officer, NAMAL, S. Jeyavarman, said at the launch of the “NAMAL Amana Equity Fund” at the Galadari Hotel yesterday.

“When these equity funds are invested in the stock market, the owner ship of the investments will be transferred but the funds will remain as an investment at the stock market. This will be advantageous for the investors,” he said.

“Funds invested through NAMAL on equities are advisable to be held more than five years to gain maximum rewards. There are instances we have noticed when these unit trust certificates can be used as securities to find short-term funds at the financial institutions when needed,” Jeyavarman said.

He also said that investors should understand that rewards gained through investing long-term financial instruments are highly advantageous than short-term investments.

There is a tax-free annual dividend released for these investments on equities. The main objective of this link with Amana is to provide capital growth.

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