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The Securities and Exchange Commission (SEC) has given the approval for Sri Lankans living overseas to invest in the Ceylon Dollar Bond Fund (CDBF) thereby extending the opportunity to Sri Lankan Diaspora communities and expatriate workers domiciled abroad. CDBF rated BB- by Fitch Ratings, targets attractive yields available on Sri Lanka Dollar Bonds while giving investors easy access to cash, whenever required.
Dulindra Fernando, Managing Director of Ceylon Asset Management Co. Ltd. (CAM), the managing company of CDBF, outlined the importance of securing retail investors into the CDBF over the next few years. "The Sri Lankan diaspora community has not been adequately penetrated to participate in our capital markets. The estimated 3.4 million Sri Lankans living overseas is a significant number, but still not engaged to benefit from the best five growth years of our economy that lie ahead. We have to win the confidence of certain sections of the diaspora community who are disassociated with our country."
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Dulindra Fernando, Managing Director of Ceylon Asset Management Co. Ltd. (CAM), the managing company of CDBF, outlined the importance of securing retail investors into the CDBF over the next few years. "The Sri Lankan diaspora community has not been adequately penetrated to participate in our capital markets. The estimated 3.4 million Sri Lankans living overseas is a significant number, but still not engaged to benefit from the best five growth years of our economy that lie ahead. We have to win the confidence of certain sections of the diaspora community who are disassociated with our country."
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