The National Investment Trust Ltd (NIT) was incorporated as a closed-end fund whose principal activity was to invest in shares and securities in both the local and international markets.
In January 2008, the company got approval from the relevant authorities to go ahead with its plan to split its assets into three distinct and separate parts, namely:
(i) Sub-Fund 1: NIT Local Equity Fund, to hold all domestically quoted stocks.
(ii) Sub-Fund 2: NIT Global Opportunities Fund, to hold all overseas investments.
(iii) NIT Ltd, to hold the local unquoted shares and manage the above two funds.
The Company was granted a CIS Manager licence on June 21,2010.
