Innovest to offer expert services to investors
Ramani Kangaraarachchi
An investment management company titled Innovest Investments (Pvt)
Ltd was launched recently by, former chairman of the Colombo Stock
Exchange (CSE) and Finance Commission Ajit de S. Jayaratne, together
with Dian Gomes and Arosha Gunasekera. This will cater to the needs of
people looking to invest in the Stock Market as well as fixed income
securities such as corporate bonds and treasury bills offering expert
services. to both institutional and individual clients.
Jayaratne said the company will offer clients investment management
services carried out by a highly skilled and accomplished team,
utilizing state-of-the-art analysis software. It has identified certain
undervalued stocks with high growth potential as well as the most
profitable fixed income options available. Innovest strives to insulate
client portfolios from significant losses by transferring funds to fixed
income securities when prolonged adverse equity market conditions are
anticipated.
He said Innovest will fully manage client portfolios for a stipulated
duration with all investment decisions taken in consultation with the
investment committee guided by him. With a corporate culture that
revolves around ethical principles, Innovest will be employing an
equitable service strategy with a strong emphasis on performance-based
commission as opposed to a per transaction basis which generates
commission regardless of the accuracy of the advice given. Innovest
considers it a core principle to serve all clients with equal respect
regardless of investment capacity.
In order to maintain service quality, all clients will be met by the
CEO who will explain the services offered in an elaborate manner. Client
portfolios are then customized in accordance with the client's risk
appetite and belief systems and then managed by Innovest.
Innovest accepts new investments and also facilitates the transfer of
existing portfolios at no additional cost. The investments will at all
times remain under the name of the client, with HSBC acting as the
custodian of the funds, while being actively managed by Innovest over
the stipulated contract period.
The company implements a rigorous portfolio monitoring and risk
management process ensuring that all investments are made in a
systematic and responsible manner. The company aims to act in the best
interest of their clients at all times, while pursuing the best possible
returns on behalf of them. |