ASTRUE Money Market Fund vs Ceybank High Yield Fund

ASTRUE Money Market Fund is run by Asset Trust Management (Pvt) Ltd and Ceybank High Yield Fund by Ceybank Asset Management Ltd, so this compares two houses as well as two funds. Both are money market 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, 0.65% and 0.75% 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.

Their 180-day returns are close, +4.16% and +4.27%, which is common between two money market funds holding similar instruments over the same stretch. When returns converge like this, the fee and the price variability below are what actually separate the two over time.

Both have moved by a similar amount, with annualised volatility of 0.72% and 0.76%. 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.

Ceybank High Yield Fund opens at LKR 1,000 where ASTRUE Money Market Fund requires LKR 10,000, so for a smaller first investment only one of the two is available at all.

Among the 19 money market funds we price daily, ASTRUE Money Market Fund ranks 11th on 180-day return and Ceybank High Yield Fund 6th, against a category median of +4.18% over the same window. On fee they sit 15th and 17th cheapest of the 19, where the median is 0.50%. On how much the price has moved, ASTRUE Money Market Fund is 13th steadiest and Ceybank High Yield Fund 16th.