ICB, Popular Life ink trust deed

FE Team | Published: May 26, 2019 23:51:08

Kazi Sanaul Haque (sixth from left), ICB Managing Director, and M. Mahfuzur Rahman (fifth from left), Capitec Asset Management Limited Managing Director seen in the event

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.