Bank Islam Brunei Darussalam (BIBD) Securities Sdn Bhd (BIBDS) launched the SGD-Hedged share classes (both accumulation and distribution classes) for the Lion-BIBDS Islamic Enhanced Liquidity Fund in Singapore recently. The occasion introduces the very first Brunei-managed investment fund to be launched in Singapore.
The fund now provides clients, both locally and internationally, expanding beyond its previous USD-only offering for the liquidity fund with the opportunity to subscribe in SGD, while minimising foreign currency risk.
BIBD Managing Director and Chief Executive Officer Junaidi bin Haji Masri and BIBDS Managing Director Jason Wong were also present.
The strategic expansion demonstrates BIBDS commitment to providing a diverse range of investment opportunities tailored to meet the evolving needs of its clients. By introducing the SGD-Hedged share classes, BIBDS not only enhances the fund’s accessibility to Singaporean and regional investors but also underscores its capability in managing currency risk effectively.
The BIBDS managing director said, “The launch of the SGD-Hedged share classes is a significant milestone for BIBDS, reinforcing our dedication to offering innovative and client-centric investment solutions. This initiative aligns with our broader vision of expanding our footprint in key regional markets and providing our clients with robust options for portfolio diversification.”
He added, “We are happy to extend our fund offerings with the introduction of the SGD-Hedged share classes. This development reflects our expertise in fund management and our continuous efforts to address the diverse financial needs of our clients. Our team remains committed to delivering top-tier investment products that uphold the principles of Islamic finance while achieving optimal returns.”
The Lion-BIBDS Islamic Enhanced Liquidity Fund is designed to provide investors with a stable and enhanced liquidity solution, adhering to Islamic finance principles. The fund’s launch in Singapore marks a significant step in BIBDS’ growth strategy, aiming to cater to the increasing demand for Syariah-compliant investment options in the region.
