ICB, Popular Life ink trust deed
Monday, 27 May 2019
Investment Corporation of Bangladesh (ICB) and Popular Life Insurance Company Limited has signed a trust deed of new open-end fund named 'Capitec Popular Life Unit Fund'. The companies have taken this initiative with the aim of accelerating the mutual fund industry and capital market of Bangladesh, said a statement.
The trust deed was signed on Sunday at the head office of ICB located in Motijheel. Capitec Asset Management Limited will act as the Asset Manager of this fund.