Dhaka, Bangladesh (BBN)- 'Prime Financial First Unit Fund,' country's first open end mutual fund in private sector received tremendous response from the investors as all of the 2.0 million units of the fund were sold a week before the deadline.
"We’re overwhelmed and grateful to the investors who put their confidence on us," said Moin Al Kashem, Managing Director and Chief Executive Officer, Prime Finance Asset Management Company Limited, at the press conference held at a city hotel on Wednesday.
He also said the company would work with dedication and integrity to give a satisfactory return to the investors for their investment in the unit fund.
The selling of the unit fund was completed on Oct 31, 2010. Institutions, provident funds, retired government officials and people from all walks of life and ages bought the open end mutual fund.
The Initial size of the First Unit Fund is BDT 200 million. Face value of each unit is BDT 100. The fund will re-open for regular buy and sell from December 01, 2010 subject to approval of the trustee.
BBN/SSR/SI-04Nov10-10:17 am (BST)