Tag: Sri Lankan mutual funds’ outflows rise amid economic turmoil: Fitch

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Sri Lankan mutual funds’ outflows rise amid economic turmoil: Fitch

The Sri Lankan mutual fund industry experienced large outflows in March 2022 with total assets under management (AUM) shrinking by more than 8% to LKR178 billion (around USD0.5 billion), based on Unit Trust Association of Sri Lanka (UTA) data, Fitch Ratings says in a new report. The country’s economic and social instability may have driven […]