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  2014-07-09  Ceylon Index Fund Create: 53.21 / Redeem: 51.07 up    Ceylon Tourism Fund Create: 6.96 / Redeem: 6.64 up    Ceylon Financial Sector Fund Create: 9.46 / Redeem: 9.08 up    Ceylon Income Fund Create: 13.43 / Redeem: 13.43 up    Ceylon IPO Fund Create: 11.39 / Redeem: 11.16    Ceylon Gilt-Edged Fund Create: 12.87 / Redeem: 12.87 up    ASPI 6613.84 48.03 0.73 YTD: 11.34% up    Tourism TOP 10 895.00 25.29 2.91 YTD: 6.75% up    Finance Top 10 960.68 10.16 1.07 YTD: 38.61% up    Top 10 Index 2818.84 22.26 0.8 YTD: 23.20% up    S & P SL 20 Index 3706.06 29.95 0.81 YTD: 20.13% up    John Keells Holdings 237.60 3 1.28 up    Commercial Bank of Ceylon 148.70 1.7 1.16 up    Dialog Axiata 11.00 0 0    Aitken Spence Holdings  108.80 3 2.84 up    Aitken Spence Hotels Holdings 80.10 1.1 1.39 up    Hatton National Bank 168.90 -1.1 -0.65 down    Distilleries Company of Sri Lanka  205.20 -0.2 -0.1 down    Access Engineering PLC 26.20 0.2 0.77 up    The Lion Brewery Ceylon PLC 529.90 5 0.95 up    Chevron Lubricants Lanka  307.00 -2.5 -0.81 down    
Ceylon Tourism Fund sec

Ceylon Tourism Fund invests in 10 of the high performing companies in the Hotels & Travels sector (H&T sector) listed on the Colombo Stock Exchange. The 95% of total asset of the fund will be invested in the selected 10 stocks and the balance 5% will be held in cash or cash equivalent instruments as per SEC requirements.

The selected 10 companies covering over 70% of the H&T sector, Ceylon Tourism Fund is a Fund that has been created to track the performance of this sector.

Investment Rationale
The Fund is an equity fund that invested in shares of the 10 companies that comprise the Top 10 Index , under respective market capitalisation proportions. The TOP 10 Index is an In-house Index, covering approximately 70% of the H&T sector market capitalisation and is reviewed quarterly by the Investment Committee with transparent selection criteria.

The "Managed" Index Fund Enhancements:
a) Selected on the basis of market capitalisation
b)
A "liquidity test" to qualify for index selection.
d)
Maintains 5% in cash as per the SEC liquidity requirement.
e) Can invest up to 10% in H&T sector IPO's at the discretion of Manager.
Tax Free
All Capital Gains on units and distributions of the fund are TAX FREE
Dividend Distribution Policy
Distributable income will be derived principally from dividend income and realised capital gains received by the Fund. Net income will be distributed annually after satisfying operating fees and expenses of the Fund. Investors have the option to re-invest their annual distribution in units of the Fund.
Risk Factors
Exposed to H&T sector stock market risk

Minimum Risk equity portfolio due to the absence of Trading Risk, Speculative Risk or Fund Manager Risk.

Being invested in shares, this Fund carries the risk of capital appreciation as well as depreciation with fluctuations of the TOURISM TOP 10 Index .

The ten companies included in the Index have sound reputations of good corporate governance and are well researched by analysts to unearth risks and opportunities.

The fund manager's risk is the tracking error, defined as the performance difference between the index and the funds invested in the companies. The regulatory requirement to hold 5% of funds in cash and single company exposure limits will naturally lead to a performance deviation (tracking error) between the fund and the TOURISM TOP 10 Index.

You can start your investment with only Rs. 5,000/-

Fee Structure

Front End Fee : 2%
Management Fee : 1% per annum
Performance Fee : 0.5% in the event of the net return* of the Unit NAV exceeds 10% during any quarter.
     
*Net return calculated as increase in Net Asset Value (NAV) + distribution
 
Please click to download the Information Memorandum and the Application Form of Ceylon Tourism Fund.

 

 
Stocks at a Glance     2014-07-09
Index Value Daily Change % Daily Change Monthly
CIF 51.61 0.33 0.64% up 5.84%
CTF 6.70 0.12 1.82% up 4.20%
CFF 9.18 0.09 0.99% up 5.64%
CINF 13.43 0.01 0.07% up 0.52%
IPO Fund 11.16 0 0% 0.09%
CGEF 12.87 0.01 0.08% up 0.23%
ASPI 6613.84 48.03 0.73% up 3.69%
Tourism 10 895.00 25.29 2.91% up -1.63%
Finance 10 960.68 10.16 1.07% up 5.59%
TOP 10 2818.84 22.26 0.8% up 6.35%
S & P SL 20 3706.06 29.95 0.81% up 4.85%
image_of_price_movement
                            
The Colombo Top 10 Index (TOP 10)
Company name Share price No of shares issued Market Capitalization Market Capital %
John Keells Holdings 237.60 851,323,807 202,274,536,543 23.99
Commercial Bank of Ceylon 148.70 779,225,073 115,870,768,355 12.32
Dialog Axiata 11.00 8,143,778,405 89,581,562,455 10.67
Aitken Spence Holdings 108.80 405,996,045 44,172,369,696 13.39
Hatton National Bank 168.90 317,569,919 53,637,559,319 7.41
Distilleries Company of Sri Lanka 205.20 300,000,000 61,560,000,000 7.07
The Lion Brewery Ceylon PLC 529.90 80,000,000 42,392,000,000 4.86
Aitken Spence Hotels Holdings 80.10 336,290,010 26,936,829,801 4.01
Chevron Lubricants Lanka 307.00 120,000,000 36,840,000,000 3.96
Access Engineering PLC 26.20 1,000,000,000 26,200,000,000 3.79
Total     576,420,209,304 91.47