BIBDS launches 1st Retail Mutual Fund managed out of Brunei Darussalam
- BIBDS, Investing, Islamic Finance
BIBDS today announced the launch of the first ever mutual fund managed from Brunei – the Lion-BIBDS Islamic Enhanced Liquidity Fund. This launch marks a significant milestone in the evolution of Brunei’s financial services industry and showcases BIBD Securities’ commitment to innovation and excellence in financial products.
The newly introduced mutual fund, managed in collaboration with Lion Global Investors and BIBD Asset Management under the license of BIBD Securities, aims to offer retail investors a conservative yet rewarding investment option. The fund is designed to preserve capital and enhance income, maintaining high liquidity, which aligns with the needs of both novice and experienced investors.
BIBD Securities Managing Director, Jason Wong, said “This fund represents a culmination of our commitment to developing local talent and expertise in financial management.” He added, “It not only highlights our capability to manage complex financial products from Brunei but also our dedication to providing our clients with ethical, profitable, and strategic investment options.”
The launch aligns with BIBD Securities’ core values of Alignment, Continuity, and Education (ACE), which guide its operations and strategic decisions. These values ensure that the company continues to contribute positively to the economic and social fabric of Brunei, enhancing financial literacy and promoting sustainable investment practices.
BIBD Asset Management, operating under BIBD Securities, stands as the first local financial institution to become a signatory to the United Nations Principles for Responsible Investment (UNPRI). This landmark achievement underscores their dedication to integrating environmental, social, and governance (ESG) factors into their investment strategies, reflecting an unwavering commitment to sustainability. BIBD Asset Management’s alignment with UNPRI exemplifies BIBD Securities’ overarching mission to foster sustainable development, enhance long-term value for stakeholders, and contribute positively to the broader community and environment.
With the introduction of this mutual fund, BIBD Securities sets a new standard in the local financial landscape, paving the way for more sophisticated financial products that can cater to the diverse needs of Brunei’s growing investor base.
