• Friday, Aug 07, 2020
  • Last Update : 06:21 pm

BSEC okays draft prospectus of CWT Emerging Bangladesh Fund

  • Published at 09:50 pm June 12th, 2019
BSEC
BSEC logo

The initial size of the fund will be Tk10 crore

The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday approved the draft prospectus of CWT Emerging Bangladesh First Growth Fund (An open-end). 

The approval was given at a commission meeting presided over by BSEC Chairman M Khairul Hossain at its headquarters in Dhaka.

The initial size of the fund will be Tk10 crore. The sponsor will contribute Tk1 crore, while remaining Tk9 crore will be collected through sales of units. The face value of the units will be Tk10 each.

CWT Asset Management Company Limited is the sponsor of the unit fund. The company will work as fund manager. Sandhani Life Insurance Company Ltd is trustee and Brac Bank Limited is custodian of the unit fund.

The objective of the CWT Emerging Bangladesh First Growth Fund is to generate growth of capital, with a secondary objective of current income through optimizing asset allocation in capital market and money market within regulatory framework. 

The asset management said that minimum 50% of realized income of the fund would be distributed as dividend in each accounting year.

54
52
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail