(Reuters) - Foreign mutual funds which have exposure to Sri Lankan equities have posted steep losses in their net asset values this year, prompting th.
HomeBusiness NewsTundra Sustainable Frontier Fund loses money on Lankan equities in November Tundra Sustainable Frontier Fund loses money on Lankan equities in November 11 December 2020 09:24 am - 1
While the Sri Lankan equities are on a bull run buoyed by positive local investor sentiment on policy and political stability and certainty on tax policy, foreign funds, which have invested in Sri Lankan stocks, appear to have failed to make the most of the rally.
The Tundra Sustainable Frontier Fund, which has equity investments in emerging markets such as Sri Lanka, said it lost money in November while the indices at the Colombo Stock Exchange (CSE) added gains.