The recently launched Franklin Templeton funds can help create a greater awareness on the benefits of long-term investment, said Bank Islam Brunei Darussalam Securities Sdn Bhd (BIBDS) Managing Director Haji Muhammad Yazid bin Dato Paduka Haji Mahadi.
“The Franklin Global Sukuk Fund – is the first of its kind introduced in this market. One of the key features is monthly dividend income for investors while also giving access to a diversified portfolio of highly-rated Sukuk securities issued by government, government-related and corporate entities globally,” he said.
Haji Muhammad Yazid said this during an event at the Grand Ballroom of V-Plaza Hotel for 100 Belait District clients. It was held to introduce to the clients the funds launched on Friday at The Empire Brunei.
The event featured a presentation on Islamic financial planning by BIBDS Relationship Manager Abegail Lo.
Chief Investment Officer of Global Sukuk and Middle East and North Africa (MENA) fixed income at Franklin Templeton Investments Mohieddine (Dino) Kronfol also gave a market outlook and introduced the Franklin Global Sukuk Fund.
The Templeton Syariah Global Equity Fund was also introduced. It is an investment fund that offers long-term capital growth with access to a fully-diversified Syariah-compliant global investment across various countries and sectors.
With the introduction of these funds, BIBDS aims to bring into the market investment products that are easy to understand for investors who may have limited knowledge or are new to investing.
From September 15 to December 30, customers signing up for a One-Year Monthly Investment Plan, from as low as BND100 monthly, or a lump-sum investment will receive prizes.
Apart from the two newly-launched mutual funds, BIBDS also offers four existing mutual funds managed by NCB Capital, namely Al-Ahli Asia Pacific Index Fund, Europe Index Fund, Healthcare Trading Equity Fund and North America Index Fund.