Bangladesh moves to bolster funds industry
The nation’s Securities and Exchange Commission has amended laws to encourage foreign participation and drive scale in the domestic market.
It is hoped that changes to mutual fund rules announced by Bangladesh’s Securities and Exchange Commission (SEC) this month will encourage foreign participation in its $600 million asset management industry and drive scale in its domestic funds sector.
Reaz Islam, managing partner of LR Global Partners, Bangladesh’s only foreign fund manager and second largest overall, went as far as to describe the amendments as “revolutionary”.
To increase retail participation in the mutual fu…
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