JB Vantage recognized as ‘Best Unit Trust Fund’ by CFA Sri Lanka
The JB Vantage Value Equity Fund was recognised as the Best Unit Trust Fund at the eighth annual CFA Capital Market Awards, held virtually recently in Colombo.
This is the third year JB Vantage Unit Trusts have won the gold award in the Best Unit Trust category in the five years the awards have been held. This recognition has been given for the best practices implemented in asset management.
In the past five years JB Vantage has also received one silver and three bronze awards in the Unit Trust Category at the CFA Awards.
Speaking of the win Christine Dias Bandaranaike, CEO, JB Financial said, “It is always a great honour for us to be recognised by CFA Sri Lanka. We find the award process encourages us to strive to be better each year.
This recognition once again is a testament that JB Vantage’s, prudent investment philosophy, concentrating on strong fundamentals and resilient earnings, has proven to be the best recipe for our success.
The past couple of years have been extraordinary with all the uncertain economic conditions. We believe that this award will add to our credentials and build further trust and confidence from the general public”.
Murtaza Jafferjee, CFA, Portfolio Manager of the JB Vantage Value Equity Fund said, “We are humbled to have been recognised by our peers for this award. We are also acutely aware that excellence is a journey not a destination and thus continue to strive to improve”
The main objective of the Capital Market Awards, organized by CFA Society Sri Lanka is to encourage and reward industry professionals who introduce and adhere to strong standards of excellence in the capital market; under five categories - Best Equity Research Report, Best Sector Report, Best Investor Relations, Best Stock Broker Research Firm, and Best Unit Trust. In the Best Unit Trust category the CFA Institute’s Asset Manager Code of Professional Conduct is used to award points to the Unit Trust that has best followed its standards.
The JB Vantage fund management team was recognised for putting investors first; full disclosure of risks and ensuring its funds are driven by efficient market fundamentals.
The firm’s flagship product is its JB Vantage Money Market fund, another CFA Sri Lanka gold award winner. Earlier this year the fund received a credit risk rating of [Sl]a+mfs from ICRA Lanka Limited. The fund is the second-largest Money Market Fund in terms of assets under management (AUM) in Sri Lanka with Rs. 21.49 billion as of end March 2021.
The fund was initiated on August 04th, 2011 and has been in existence for nearly a decade consistently outperforming the benchmark (NDBIB CRISIL 91-day T-bill Index). Deutsche Bank AG acts as the trustee of the JB Vantage Unit Trusts which are licensed by the Securities and Exchange Commission of Sri Lanka.