The Sri Lanka Opportunity Fund (UCITS) is the first and only UCITS vehicle dedicated solely to Sri Lanka, offering regulated access to a market transitioning from stabilization to early recovery. The strategy combines European governance with disciplined liquidity management and direct on ground research. The fund invests across listed equities and fixed income, focusing on liquid and fundamentally resilient businesses aligned with the country’s improving macro trajectory. For allocators seeking a transparent and institutionally governed entry point into a frontier economy moving through a multi year repair cycle, the fund provides a focused and credible solution.
Single-country focus on Sri Lanka, with majority exposure to listed equities on the Colombo Stock Exchange. The portfolio may hold government and high-grade corporate bonds, money-market instruments, and cash to preserve flexibility and liquidity, all within UCITS limits.
Dealing frequency Daily valuation on Liechtenstein bank working days; subscriptions and redemptions accepted daily.
Order cut-off time 16:00 CET on the valuation day for both subscriptions and redemptions.
Trade/settlement Issue and redemption value date is three bank business days after NAV calculation.
Trading currency USD (invoice currency).
Entry/exit fees None.
Launch date 02 June 2025.
Legal form UCITS contractual fund under Liechtenstein law; single-fund structure.
ISIN LI1460187415; security no. 146018741.
Minimum investment USD 10,000; initial issue price USD 100.
Fees (maximums)
Performance fee 15% with high-water mark; no hurdle.
Governance Management company CAIAC; asset manager ACP CORUM PTY LTD; depositary Bank Frick AG; auditor Grant Thornton AG.
Share class USD (book-entry; no certificates).
Valuation Daily in USD on Liechtenstein bank working days.
The Sri Lanka Opportunity Fund (UCITS) targets long-term capital growth through a focused allocation to Sri Lankan equities, selective fixed income, and liquidity instruments. The strategy is built on a traditional, research-led framework aligned with UCITS V standards.
The portfolio invests across Sri Lankan equities, sovereign and corporate bonds, and liquidity instruments. This mix allows the strategy to capture opportunities across the country’s transition while maintaining disciplined risk management.
The fund maintains a minimum 30% liquidity buffer to ensure resilience and uninterrupted daily NAV operations.
In a frontier market, liquidity discipline is not defensive.
It is strategic.
SLOF focuses on liquid and fundamentally sound businesses that are positioned to benefit from Sri Lanka’s economic stabilization and early recovery dynamics.
These companies show improvements in earnings, credit flows, capacity utilization, and sectoral resilience across banking, manufacturing, tourism, and selected export industries.
Sri Lanka is moving through a familiar emerging-market cycle: stabilization first, then reconnection.
Inflation has eased, policy rates continue to normalize, and early signs of investor return are visible across selected sectors.
The opportunity is not in an immediate re-rating but in recognizing that frontier markets typically turn gradually, with early signals emerging long before the broader index responds.
The Sri Lanka Opportunity Fund (UCITS) is designed for investors who recognize the value of entering a market at the point where stabilization begins to translate into observable economic behavior. The country today is defined less by headlines and more by evidence on the ground. Companies are rebuilding margins, banks are strengthening balance sheets, tourism is steadily returning, and investment activity is reconnecting with confidence.
As the first and only UCITS fund focused entirely on Sri Lanka, SLOF provides a regulated and daily liquid structure that allows investors to access this early transition. The strategy combines European governance with Australian investment discipline and continuous local research built through direct engagement with companies, policymakers, and sector leaders.
The fund operates on a fully institutional platform:
CAIAC Fund Management AG under FMA supervision as Management Company,
ACP Corum Pty Ltd as Asset Manager,
Bank Frick AG as Depositary,
Deutsche Bank AG as Sub Custodian,
Grant Thornton AG as Independent Auditor.
This framework ensures strong custody, compliance, and reporting standards consistent with UCITS requirements and expected by professional allocators.
The portfolio invests across Sri Lankan equities, sovereign and corporate bonds, and liquidity instruments. A minimum liquidity buffer of 30 percent is maintained to support resilience and daily NAV operations. In frontier markets, liquidity is not simply a defensive stance. It is a strategic tool that allows the fund to navigate price discovery, manage flows, and capture opportunities without unnecessary friction.
Sri Lanka is advancing through a familiar cycle seen in many emerging markets that have undergone adjustment. Stabilization is giving way to early recovery. Inflation has eased, policy rates are normalizing, and activity in banking, manufacturing, and tourism is improving. These developments are not theoretical. They are visible in company earnings calls, credit trends, capacity utilization, and the gradual return of domestic and foreign investors to selected sectors.
SLOF focuses on liquid and fundamentally sound businesses that are positioned to benefit from this shift. The opportunity does not lie in expecting an immediate valuation rerating. It lies in recognizing that frontier markets tend to turn gradually, with early signals appearing long before broad market indices reflect the change.
For investors seeking exposure to a frontier economy that is rebuilding with intent, and for those who prioritize structure, governance, and resilience, the Sri Lanka Opportunity Fund offers a clear and credible pathway. The fund is anchored in regulated oversight, disciplined portfolio construction, and real insight developed directly on the ground.
IMF-backed stabilisation and structural reform.
Sri Lankan equities at ~9× P/E, trading well below regional peers.
With ACP Corrum’s global stewardship and UCITS governance, the Sri Lanka Opportunity Fund offers investors a rare combination of frontier potential and institutional oversight.
