The NAMAL IPO Fund will not charge an exit fee to investors even if they redeem within a short period of the initial investment. 100 per month. While companies still charge a brokerage fee for this option, the overall benefits can far outweigh the negatives in the long run. Since 1962, the S&P 500 spent virtually no time at its long-term average of 15. In many years, it traded at a P/E far from its long-term average. With many IPOs in the pipeline in the next few years, Investors in the Fund will benefit from the professional selection of IPO securities and portfolio management by NAMAL’s experienced fund management team”. National Asset Management Ltd (NAMAL), the pioneer Unit Trust Management Company in Sri Lanka announced the launch of the NAMAL IPO Fund. Established in 1991, as the first Unit Trust Management Company in Sri Lanka, NAMAL has a 20-year track record of successfully investing in the Sri Lankan equity and debt markets.

Charana Jayasuriya, Head – Sales & Structuring stated that “NAMAL IPO Fund joins the portfolio of open-ended unit trusts managed by NAMAL with different markets strategies and risk return objectives. NAMAL operates eight Unit Trusts including NAMAL Acuity Value Fund, the only listed Unit Trust, and the NAMAL Amana Fund, the only Shari’ah compliant Unit Trust. The NAMAL IPO Fund is licensed by the Securities & Exchange Commission of Sri Lanka as an open-ended Unit Trust. Unique features of the NAMAL IPO Fund are that it would invest in the post-IPO stage and in other equities in the market if the managers think that IPOs are not properly valued thus ensuring equity exposure for investors. The fund will invest at the IPO offering stage and in post-IPO securities for a period of one year. There is a number of securities where you have to be careful how you look at them, and where you may not want to look at them in the conventional manner. While the Fed and its cohorts in the economic community continue to maintain that there will be no double-dip recession, Intel threw some more cold water on this assumption on Friday. It would not surprise me if Citigroup brass, not to mention the other banks, receive another phone call from the Treasury discussing government dissatisfaction with the seemingly large bonuses paid while the banks are posting losses or very small profits.

While superficially, Motianey’s supercycles appear similar to Russian economist Nikolai Kondratiev’s long waves, they differ in important aspects. VIX rose another 9 ½% remaining below its 100 day moving average but right on its 200 day moving average and at the top end of the narrow trading range near the lower boundary of its short term trading range. But it doesn’t seem to want to challenge that lower boundary. Avancka Herat, Executive Director of NAMAL, stated that “Retail investors have faced a significant challenge in evaluating IPOs in recent times. There is no way such a thing would have happened under “normal circumstances.” Politicians often criticize but executives generally ignore them. One thing that needs to be clarified here, that this is your first investment in real estate sector, thus you need to diversify your investments. This causes an investor’s tax burden from real estate income to be less. Eg. For A-Mei style, vocal singing training, dance training, music and song writing training and probably a lot of real life experience in pub performing etc. For Morning Girls, no need vocals or song writing, just act cute. Timberland is a bit like real estate.

How can you invest in safe real estate when you don’t have enough to buy a property outright? This has created stock market and property bubbles in this part of the world and the recent tapering by the US Fed is causing these bubbles to deflate. Let’s say that you want to index the French stock market. So people who pay a great deal of attention to index weightings will sacrifice the 30% discount, which they could get if they bought Toyota Industries as opposed to Toyota Motor, just because Toyota Motor is in the big index. 4. Mostly the sub-brokers provide the relationship manager to each client so as to give individual attention to each portfolio with a check on its growth. Moving forward, I am not particularly confident about the stock market and have been increasing the war chest for my active portfolio. The stock market is too volatile for any time horizon shorter than 3 to 5 years and investing for less than 10 years is risky (it’s not for the faint of heart).