New funds, market outlook discussed at client event

Izah Azahari

BIBD Securities Sdn Bhd (BIBDS) is currently holding client events in conjunction with the recent launch of its Franklin Templeton funds.

The first event was held yesterday at The Empire Brunei, where representatives from BIBDS and Franklin Templeton delivered several sessions to guests.

The event was organised to introduce the new funds and share an outlook of the market with potential investors and clients.

Present as invited guests were Yang Amat Mulia Pengiran Anak Haji Abdul Wadood Bolkiah bin Pengiran Lela Cheteria Sahibun Najabah Pengiran Anak Haji Abdul Aziz and Pengiran Seti Aminah binti Pengiran Othman.

BIBDS Managing Director Haji Muhammad Yazid bin Dato Paduka Haji Mahadi highlighted that the event is aimed at introducing the recently launched funds to existing clients and potential investors, and to help create greater awareness on the benefits of long-term investing.

“We aim to offer you access to Islamic Financial planning services to identify your individual needs, and how these needs can be fulfilled through our range of Syariah-compliant investment offerings so that you can be better prepared for your future,” Haji Muhammad Yazid said.

BIBD Securities Sdn Bhd (BIBDS) yesterday held a client event in conjunction with the recent launch of its Franklin Templeton funds. Yang Amat Mulia Pengiran Anak Haji Abdul Wadood Bolkiah bin Pengiran Lela Cheteria Sahibun Najabah Pengiran Anak Haji Abdul Aziz and Pengiran Seti Aminah binti Pengiran Othman were among the invited guests at the event
BIBD Chief Executive Officer and Managing Director Mubashar Khokhar joins others at the event. PHOTOS: MUIZ MATDANI

“The current macroeconomic landscape also provides a compelling reason for us to move beyond savings, as ultra-low rates are expected to stay for a prolonged period, which means rates will continue to be under pressure amidst rising prices, and therefore investment asset classes such as equities or Sukuk may help provide the return enhancement over a long term.

“The newly-launched funds – the Franklin Global Sukuk Fund, is the first of its kind introduced in this market, where one of the key features is the monthly dividend income for the investors, whilst giving access to a diversified portfolio of highly rated Sukuk securities issued by government, government-related and corporate entities globally.”

Also delivering a presentation on the introduction to Islamic financial planning was BIBDS Relationship Manager Abegail Lo, while Chief Investment Officer of Global Sukuk and Middle East and North Africa (MENA) fixed income at Franklin Templeton Investments Mohieddine (Dino) Kronfol shared a market outlook and introduction to the Franklin Global Sukuk Fund.

The Franklin Global Sukuk Fund offers monthly dividend pay-out and provides access to a diversified portfolio of Sukuk securities issued by government, government-related and corporate entities located in developed and developing countries.

Meanwhile, the Templeton Syariah Global Equity Fund, 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.

Mutual fund is an investment that allows investors with similar investment goals and objectives to pool their money in a diversified portfolio.

A professional fund manager will manage and trade the pooled money insecurities, such as stocks, Sukuk and money market instruments to match the fund’s investment objectives.

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.

This is to support Autoriti Monetari Brunei Darussalam’s (AMBD) national goal of improving financial literacy in Brunei and eventually create a society that is able to participate in the local capital markets. The two new investment products were launched in September and are suitable for potential investors seeking a stable and consistent income, as well as long-term returns.

In relation to the launch of the funds, BIBDS has launched a campaign to promote the new investment products to the public.

From September 15 to December 30, customers who sign up for a One-Year Monthly Investment Plan (as low as BND100 monthly) or a lump-sum investment will receive attractive 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. BIBDS is a wholly-owned subsidiary of Bank Islam Brunei Darussalam (BIBD) offering Syariah-compliant solutions to retail and institutional investors, as well as brokerage services for securities listed on Malaysia and Singapore stock markets.

Prior to signing up, potential investors are advised to fully understand and familiarise themselves with the content, terms and conditions and the risks associated with the product.

The event will continue and conclude today at the V-Plaza Hotel in Kuala Belait. Those interested in signing up are invited to visit the BIBDS office in Kiulap or any Perdana lounges, to speak to the licensed financial planners.