Connect with us

Business

The Unit Trust industry sees strong investor activity in October 2025

Published

on

The unit trust industry of Sri Lanka reported a 16.0% year-over-year growth of its assets under management (AUM) to Rs. 603 Bn by the end of October 2025. This is also up from Rs. 592 Bn in September. These assets are currently managed across 85 funds by 16 management companies.

The industry saw 3,628 new unit holders invest in the market during the month, bringing the total number of investors to 137,224 as of end of October. Year-to-date, the industry has added nearly 25,000 new investors. October also saw an influx of approximately Rs. 4 Bn into equity-related funds. This reflects investors’ continued confidence in the growth potential of Sri Lanka’s capital markets and a growing appetite for long-term wealth creation through diversified investment portfolios, indicating a gradual shift away from traditional savings-focused methods.

Speaking of the industry performance, Unit Trust Association of Sri Lanka (UTASL) President and CEO of JB Financial, Christine Dias Bandaranaike, CFA, noted that “the industry has performed remarkably in 2025 with AUM surpassing the Rs. 600 Bn mark earlier this year. We continue to see strong potential for market growth, driven by increasing investor awareness and a broader range of fund offerings.”

She further added: “Our recently concluded ‘Investor Awareness Initiative’ held from the 27th to 31st of October, which aimed to educate the public to build wealth through unit trusts, was a great success. Sixteen management companies participated in the event, each bringing their unique expertise and commitment to wealth building. As a part of the UTASL’s ongoing efforts to promote unit trusts, the initiative reinforced the importance of informed investing, bringing in both new and existing investors to make confident, long-term investment decisions.”

Together with the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), the UTASL remains focused on strengthening financial literacy and investor participation across the country – particularly in unit trusts. While pooled funds are one of the most widely used and trusted investment tools globally, awareness and participation among Sri Lankan investors remain relatively low.

The UTASL is the representative body for the country’s licensed fund management companies, dedicated to upholding the highest standards of professionalism, integrity and transparency across the industry. Consisting of 16 member companies regulated by the SEC, the UTASL aims to popularise unit trusts and encourage Sri Lankans to prioritise long-term and professionally guided investing, in addition to short-term savings, whilst contributing to national economic growth.

For more information on unit trusts and to connect with management companies, visit www.utasl.lk.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

ADB approves $100 million loan to boost skills development and jobs for youth in Sri Lanka

Published

on

The Asian Development Bank (ADB) has approved a $100 million results-based loan to help Sri Lanka transform its technical and vocational education and training (TVET) system, equip more young people with industry-relevant skills, and strengthen the country’s competitiveness and inclusive growth.

The Skills Development System Transformation Program will support the Government of Sri Lanka’s efforts in improving the quality and relevance of skills training, strengthening links between training providers and industries, and expanding employment opportunities for youth. The program will increase women’s employment opportunities in nontraditional jobs in fields including automotive technology, engineering, information and communications technology, construction, and renewable energy.

“A skilled workforce is essential to Sri Lanka’s long-term economic transformation and competitiveness,” said ADB Country Director for Sri Lanka Shannon Cowlin. “This program will help create stronger pathways from education to employment by making training more responsive to industry needs, expanding opportunities for young people and women, and ensuring that graduates have the skills required by a modern and evolving economy.”

Though Sri Lanka’s economy is recovering, it faces skills shortages in priority sectors, high youth unemployment, and low female labor force participation. Many employers report difficulty finding workers with the skills needed in a changing economy.

Aligned with the Government of Sri Lanka’s Technical and Vocational Education and Training Sector Strategic Framework 2026–2035, the nationwide program will be implemented from 2027 to 2031 and is expected to directly benefit more than 100,000 young people through improved access to quality, employment-oriented training.

Continue Reading

Business

USD 40.84m pipeline to secure aviation fuel supplies to BIA

Published

on

By Ifham Nizam

The government has cleared a USD 40.84 million and Rs. 8,548.75 million contract to build a dedicated aviation fuel pipeline from Muthurajawela to Bandaranaike International Airport (BIA), alongside a massive new fuel storage facility with a capacity of 92,000 cubic metres.

Energy Minister Anura Karunatilaka said the project represented a major investment in strengthening the infrastructure underpinning Sri Lanka’s aviation fuel supply and ensuring more reliable fuel availability at the country’s main international airport.

‘This project will provide the infrastructure required to strengthen the reliability and continuity of aviation fuel supplies to Bandaranaike International Airport, Karunatilaka said.

The contract has been awarded to China Petroleum Pipeline Engineering Company Limited, following an international competitive procurement process in which three bids were received.

The project will see a new aviation fuel storage tank complex constructed at Muthurajawela, together with the associated infrastructure required for handling and transferring aviation fuel.

Continue Reading

Business

CSE activity up, turnover weak at Rs. 1.4 billion

Published

on

By Hiran H Senewiratne 

Trading activity on the Colombo Stock Exchange (CSE) gathered pace yesterday as global fuel prices began to show signs of easing, according to market analysts.In this context, both indices moved upwards. All Share Price Index up by 67.97 points while S and P SL20 up by 8.30 points.

Turnover stood at Rs 1.4 billion with seven crossings. Those crossings were reported in Sampath Bank 1.7 million shares crossed to the tune of Rs 238 million and its share price traded at Rs 140, Access Engineering two million shares crossed to the tune of Rs 159 million and its share price traded at Rs 79.50, LOLC one million shares crossed to the tune of Rs 129 million and its share price traded at Rs 129, HNB 100,000 shares crossed to the tune of Rs 38.4 million and its share price traded at Rs 384, JKH 1.9 million shares crossed to the tune of Rs 35 million and its share price traded at Rs 18.60, Hayleys 100,000 shares crossed to the tune of Rs 22.50 million and its share price traded at Rs 225 and Richard Pieris 847,000 shares crossed to the tune of Rs 22 million and its share price traded at Rs 25.50.

In the retail market top seven companies that have mainly contributed to the turnover were Sampath Bank Rs 114 million (813,000 shares traded), JKH Rs 100 million (5.3 million shares traded) LB Finance Rs 49 million (325,000 shares traded), HNB Finance Rs 30 million (27 million shares traded), HNB Rs 27 million (70000 shares traded), NTB Rs 25 million (82000 shares traded ) and Lanka IOC Rs 21 million (666,000 shares traded). During the day 65 million shares volumes changed hands in 10433 transactions.

The Banking and manufacturing sector counters performed well.  In the banking sector Sampath Bank let the market while manufacturing sector especially JKH also significantly performed well. With the fuel revision Land IOC also a significant stock at the floor.

Meanwhile, First Capital Treasuries said that Ramesh Schaffter resigned as a Non-Independent Non-Executive Director with effect from October 1, to facilitate the restructuring of the company’s board.

Yesterday the Central Bank announced the US Dollar rate as against rupee. The rupee was quoted flat at Rs 330.65/80 to the US dollar in the spot market , while bond yields dropped, dealers said.

Continue Reading

Trending