Trust Bank 1st MF debut trading likely this week
Sunday, 24 January 2010
FE Report
Trust Bank First Mutual Fund received the final approval for listing in both the Dhaka Stock Exchange and the Chittagong Stock Exchange Thursday. The fund is expected to start trading this week.
With fund size of Tk. 2.0 billion, Trust Bank 1st Mutual Fund is currently the largest mutual fund and the second bank sponsored mutual fund in Bangladesh. It can be noted that the IPO for Trust Bank 1st Mutual Fund was oversubscribed by more than ten times (10x), indicating a strong demand for mutual fund IPOs amongst investors.
During a meeting with the Bangladesh Merchant Bankers Association (BMBA) on Thursday, DSE President Mr. Md. Rakibur Rahman commented that the DSE Listing Committee was very pleased with the fact that Trust Bank 1st Mutual Fund is coming to the market with a substantial profit of about Tk. 25 crores.
Trust Bank First Mutual Fund received the final approval for listing in both the Dhaka Stock Exchange and the Chittagong Stock Exchange Thursday. The fund is expected to start trading this week.
With fund size of Tk. 2.0 billion, Trust Bank 1st Mutual Fund is currently the largest mutual fund and the second bank sponsored mutual fund in Bangladesh. It can be noted that the IPO for Trust Bank 1st Mutual Fund was oversubscribed by more than ten times (10x), indicating a strong demand for mutual fund IPOs amongst investors.
During a meeting with the Bangladesh Merchant Bankers Association (BMBA) on Thursday, DSE President Mr. Md. Rakibur Rahman commented that the DSE Listing Committee was very pleased with the fact that Trust Bank 1st Mutual Fund is coming to the market with a substantial profit of about Tk. 25 crores.