ETF funds invested in pvt. banks

December 2, 2011, 9:15 pm , The Island.


Deputy Finance Minister Geethanjana Gunawardena told Parliament yesterday that the monies of the Employees Trust Fund have been invested in several private banks.

The monies have been invested in Commercial Bank, Sampath Bank, DFCC and NDB, he said adding that the assets of the Fund had gone upto one trillion rupees.Therefore no need to harbor fears that the monies are in danger. The responsibility of protecting the ETF is with the Central Bank, he said.

The Deputy Minister said this in response to a question raised by UNP Matara District MP Buddhika Pathirana. (SI)