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Subscription of 'AAML Unit Fund' begins today

January 06, 2019 00:00:00

The subscription of 'AAML Unit Fund' will begin today (Sunday) and close on February 19, according to a release. The Bangladesh Securities and Exchange Commission (BSEC) approved the prospectus of the AAML Unit Fund on October 23, 2018. The initial size of the fund will be Tk 100 million (10 crore). Of the amount, Tk 90 million will be collected through sales of units, while the sponsor will contribute the remaining Tk 10 million. Assurance Asset Management is the sponsor and fund manager of the AAML Unit Fund. Investment Corporation of Bangladesh is the trustee of the fund, while BRAC Bank is the custodian. — FE Report

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