4 days ago

BSEC to extend policy support to MFs

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The securities regulator laid importance on amending rules to remove obstacles to the growth of the country's mutual fund (MF) industry.

At a conference titled 'Current State and Future Direction of Mutual Funds & Collective Investment Schemes in Bangladesh' held in Saturday in Cox's Bazar, it spoke of extending policy support.

Chairman of the Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat Ul Islam was the chief guest of the conference attended by BSEC commissioners, top officials of both the bourses and representatives of fund management companies.

"The development of the MF industry is a demand of time, and this sector will perform better in the days to come," said the BSEC chairman.

BSEC Commissioner Dr. Shaikh Shamsuddin Ahmed spoke of development of the equity market and listing of good companies for the development of the MF industry.

In his keynote speech, BSEC commissioner Dr. Mizanur Rahman said to-be-launched Exchange Traded Fund (ETF) would help the MF industry gain momentum.

He also emphasised on reforms in rules and regulations relevant for the MF industry.

The president of the Association of Asset Management Companies and Mutual Funds, Dr Hasan Imam, among others, spoke at the event.

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