Astrue Alpha Fund vs LYNEAR Wealth Dynamic Opportunities Fund

Astrue Alpha Fund is run by Asset Trust Management (Pvt) Ltd and LYNEAR Wealth Dynamic Opportunities Fund by Lynear Wealth Management (Pvt) Ltd, so this compares two houses as well as two funds. Both are equity funds licensed by the Securities and Exchange Commission of Sri Lanka, which means they are doing broadly the same job, and the differences below are differences in how each house has chosen to do it.

The two charge almost the same management fee, 1.50% and 1.50% a year. In a category where the funds hold similar instruments, a fee difference is often the largest durable difference between two products; here it is not, so the comparison rests on what each holds and how much its price has moved.

Over the 180 days to the date shown, LYNEAR Wealth Dynamic Opportunities Fund returned −3.86% against Astrue Alpha Fund's −7.77%, a gap of 3.91 percentage points. That is one window: a different 180 days would very likely order them differently, and neither figure predicts the next six months. Both are price returns on the bid side and exclude income a fund distributed rather than accrued into its price.

Both have moved by a similar amount, with annualised volatility of 15.67% and 19.71%. For two funds in the same category that is the expected result, and it means neither has taken noticeably more price movement than the other to arrive at its return.

Astrue Alpha Fund opens at LKR 10,000 where LYNEAR Wealth Dynamic Opportunities Fund requires LKR 1,000,000, so for a smaller first investment only one of the two is available at all.

Among the 15 equity funds we price daily, Astrue Alpha Fund ranks 11th on 180-day return and LYNEAR Wealth Dynamic Opportunities Fund 6th, against a category median of −4.51% over the same window. On fee they sit 7th and 7th cheapest of the 15, where the median is 1.50%. On how much the price has moved, Astrue Alpha Fund is 2nd steadiest and LYNEAR Wealth Dynamic Opportunities Fund 10th.