CWT emerging mutual fund gets nod

The Bangladesh Securities and Exchange Commission (BSEC) has approved an open-ended mutual fund named CWT Emerging Bangladesh First Growth Fund.

The primary target of the fund is Tk 10 crore of which asset manager CWT Asset Management Company will provide Tk 1 crore and the rest would be open for general investors.

Trustee and custodian of the fund is Sandhani Life Insurance and Brac Bank respectively.