Bank Islam Brunei Darussalam (BIBD) Securities Sdn Bhd (BIBDS) held an event to mark the launch of the first-ever mutual fund managed from the Sultanate – the Lion BIBDS Islamic Enhanced Liquidity Fund at a local hotel in the Belait District yesterday.
The fund was officially launched last week.
BIBDS Managing Director Jason Wong, in an opening remark, highlighted the mutual fund is managed in collaboration with Lion Global Investors and BIBD Asset Management under the license of BIBDS, which aims to offer retail investors a conservative and rewarding investment option.
He added the fund is designed to preserve capital and enhance income, maintaining high liquidity, which aligns with the needs of both novice and experienced investors.
Head of Institutional Asset Management at BIBD Asset Management Nur Ezza binti Haji Mohd Hani delivered a detailed presentation of the mutual fund. The event also featured a panel discussion with a question and answer panel, where representatives of BIBDS and Lion Global Investors Ltd participated. – Daniel Lim
