Published: Sunday, June 2, 2013

SwissPro Invest launches fund for Bangladesh

Mashiur Rahman, economic affairs' adviser to the prime minister, speaks at the launch of SPI Bangladesh Fund, a UCITS (undertakings for collective investments in transferable securities) compliant investment fund, at Ruposhi Bangla Hotel in Dhaka yesterday. Christian Forthuber, chairman of SwissPro Invest, was also present. Photo: Swisspro

Mashiur Rahman, economic affairs’ adviser to the prime minister, speaks at the launch of SPI Bangladesh Fund, a UCITS (undertakings for collective investments in transferable securities) compliant investment fund, at Ruposhi Bangla Hotel in Dhaka yesterday. Christian Forthuber, chairman of SwissPro Invest, was also present. Photo: Swisspro

SwissPro Invest yesterday launched SPI Bangladesh Fund, a Luxembourg domiciled open-ended equity fund utilising local expertise on investing in companies listed on the Bangladesh capital markets, it said in a statement yesterday.
It is the first ever UCITS (Undertakings for Collective Investments in Transferable Securities) compliant investment fund to be focused on Bangladesh.
“The Bangladesh economy continues to maintain its resilient track record relative to the current global economic environment,” said Christian Forthuber, chairman of SwissPro Invest.
“We are confident that the economy will be among the world’s fastest growing in the next decade and offer investors outstanding long-term growth opportunities,” he added.
“Our SPI Bangladesh Fund is the world’s first UCITS-compliant investment fund offering investors an early, diversified portfolio providing exposure to this Asian frontier market,” Forthuber said.
SwissPro Invest is a privately owned, independent investment advisory firm based in Dhaka with a representative office in Frankfurt, Germany. The company provides its services to pooled investment vehicles.