BIBD Securities recently launched its SGD-Hedged share classes (Accumulation & Distribution) for the Lion-BIBDS Islamic Enhanced Liquidity Fund in Singapore, marking the first Brunei-managed investment fund launched in the island nation.
Expanding beyond its previous US Dollars (USD)-only offering for the Liquidity Fund, the fund now provides clients, both locally and internationally, with the opportunity to subscribe in Singapore Dollars (SGD), while minimising foreign currency risk.
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 to manage currency risk effectively.
BIBD Securities Managing Director said that the SGD-Hedged share classes launch is a significant milestone for BIBD Securities, reinforcing their 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,” said Jason Wong.
He added: “We are happy to extend our fund offerings by introducing 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.”
The 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.
The event was attended by BIBD’s Managing Director and CEO Junaidi Haji Masri and BIBD Securities Managing Director Jason Wong.
THE BRUNEIAN | BANDAR SERI BEGAWAN
