BIBD Securities Launches SGD-Hedged Class Of Lion-BIBDS Islamic Enhanced Liquidity Fund
- Banking, BIBDS, Investing, Islamic Finance
BIBD Securities is pleased to announce the official launch of the SGD-Hedged share classes (both Accumulation & Distribution classes) for the Lion-BIBDS Islamic Enhanced Liquidity Fund, during an event held in Singapore. BIBD Securities is thrilled to announce the official launch of the SGD-Hedged share classes (both Accumulation & Distribution) for the Lion-BIBDS Islamic Enhanced Liquidity Fund, during an event held in Singapore. This historic occasion introduces the very first Brunei-managed investment fund to be launched in Singapore.
Expanding beyond its previous USD-only offering for the Liquidity Fund, the fund now provides clients, both locally and internationally, with the opportunity to subscribe in SGD, while minimizing foreign currency risk.
Present at the event was BIBD’s Managing Director and CEO, Awang Junaidi bin Haji Masri. Also present was BIBD Securities Managing Director, Jason Wong.
This strategic expansion demonstrates BIBD Securities’ unwavering commitment to providing a diverse range of investment opportunities tailored to meet the evolving needs of its clients. By introducing the SGD-Hedged share classes, BIBD Securities not only enhances the fund’s accessibility to Singaporean and regional investors but also underscores its capability in managing currency risk effectively.
BIBD Securities Managing Director, Jason Wong, commented, “The launch of the SGD-Hedged share classes is a significant milestone for BIBD Securities, reinforcing our dedication to offering innovative and client-centric investment solutions. This initiative aligns with our broader vision of expanding our footprint in key regional markets and providing our clients with robust options for portfolio diversification.”
He added, “We are happy to extend our fund offerings with the introduction of the SGD-Hedged share classes. This development reflects our expertise in fund management and our continuous efforts to address the diverse financial needs of our clients. Our team remains committed to delivering top-tier investment products that uphold the principles of Islamic finance while achieving optimal returns.”
The Lion-BIBDS Islamic Enhanced Liquidity Fund is designed to provide investors with a stable and enhanced liquidity solution, adhering to Islamic finance principles. The fund’s launch in Singapore marks a significant step in BIBD Securities’ growth strategy, aiming to cater to the increasing demand for Shariah-compliant investment options in the region.
