Softlogic Invest posted a positive performance for the year ending in December 2021. The Softlogic Equity Fund marked a 58% (for the year ended December 2021) return to investors while the Softlogic Invest Money Market Fund posted an annualised return of 7.68% (as at 31 December 2021).
Since its inception in July 2020, the vibrant young Asset Manager secured returns of 73% (as at 31 December 2021) since inception for its equity fund investors amidst a challenging backdrop coloured by a debilitating global pandemic. Unlike most of the other unit trust funds, the Softlogic Equity Fund does not charge any front‐end fees and allows unit holders to invest the full value of their investment in the fund, without the deduction of any fees at the time of investment. The past year saw over 440 new unit holders joining the company’s equity portfolio, marking a significant growth in unit holders for the 2021 calendar year.
With an optimistic view of the year ahead, Softlogic Invest will distribute the total equity allocation for 2022, with impressive sector allocations to the industrial sector (40%) followed by financials (28%), transportation (22%), and consumer discretionary (10%). The company’s top five equity allocations are Expolanka Holdings PLC, Royal Ceramics PLC, LOLC Holdings PLC, Hatton National Bank PLC, and Sampath Bank PLC. Expolanka Holdings PLC is projected to perform well in the current market context as its revenue is earned in US dollars and freight rates still portray a rising trend, while Royal Ceramics PLC will be able to command higher margins in the local market as the ban on tile importation has allowed the local tile manufacturer to utilise optimal plant capacity.
In turn, the Softlogic Invest Money Market Fund posted an annualised return of 7.68% by the year ending on 31 December, 2021, and thereafter moving up to 8.02% as of 19 January 2022. The company delivered these outstanding returns with investments of 76% in category “A” investments, to a bolstered investor base that grew by 3,500 new unit holders during FY2021, an impressive growth in unitholders.
Softlogic Invest reports 7.68% annualised money market returns
04 Feb 2022
Softlogic Invest reports 7.68% annualised money market returns
04 Feb 2022