Will equity’s recovery have wings?
As Sri Lanka heads into another election year in 2020, listed equities, which have declined by 16% since 2015 is ready for takeoff, suggest experienced fund managers and market analysts invited by Echelon to discuss asset allocations in 2020, short term economic prospects and economic growth sustainability. Niloo Jayatilake, Head of Investments at listed Softlogic Holdings; Rusiru Abeyasinghe, Chief Executive at National Asset Management (NAMAL); Naveen Gunawardane, Managing Director and Co-founder of Lynear Wealth Management; Amal Sanderatne, Chief Executive and Founder of Frontier Research; and Danushka Samarasinghe, Chief Executive at Softlogic Capital Markets, agree on the outlook for the economy, equities and fixed income assets, but they defer on real estate and have diverse views on the way forward for Sri Lanka’s economy.