MTB Unit Fund subscription period extended

 FE Report

The Initial subscription period of MTB Unit Fund has been extended by the asset manager Alliance Capital Asset Management Limited with approval from the Securities and Exchange Commission.

Investors can buy a unit of the fund at the face value of Tk 10 per unit till 31 January 2013. After the initial subscription period the units of the fund will be traded at NAV related prices.

MTB Unit Fund is an open-ended fund with an initial size of BDT 1.0 billion. MTB has provided Tk 200 million as the sponsor of the fund. Bangladesh General Insurance Company Ltd is the trustee and BRAC Bank Ltd is the custodian of the fund.

Managed by a team of professionals, MTB Unit fund is the first open-ended fund with certificates in dematerialized form.

Someone without having a BO account can also purchase the Units of the fund. Investors can take the opportunity to be a part of a diversified portfolio by investing in the fund.

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