Astrue Active Income Fund crosses LKR 1 Billion

Astrue Active Income Fund crosses LKR 1 Billion

Posted on 2023-05-09 17:00:48

The Fixed Income mutual fund managed by Asset Trust Management (Pvt) Ltd reached Assets Under Management value of LKR 1 Billion in April 2023. The fund has reached the milestone within 2 1/2 years since its inception in 2021. So far in 2023, Astrue Active Income Fund's annualized return as of 30th April is 34.76% p.a.

Astrue Active Income Fund is a mutual fund investing in investment grade (rated BBB- or above) Fixed Income instruments. Currently, 92% of the fund's investments are in Government Securities.

This is a fund recommended for medium-term investors who are looking to capture the gains from market volatility. Recently, Asset Trust Management (Pvt) Ltd reduced the minimum investment amount to LKR 10,000 to make the fund more accessible to retail investors.