Banjaran Asset Management (Cambodia) PLC (BAMC) has successfully obtained approval from the Securities and Exchange Regulator of Cambodia (SERC) to launch the BAMC Asia Equity Fund (BAEF), the first retail fund to launch for sale in the Kingdom, which the public will be able to invest in.
The BAEF will invest in a diversified portfolio of companies listed on major stock exchanges across the Asia Pacific, excluding Japan. With the tagline, ‘The Rise of Asia’, the fund aims to spotlight the benefits of investing in Asia, which has been acknowledged as the “premier growth region” by economists all over the world.
Watch B2B Cambodia’s interview with Ben Gan, Executive Director of Banjaran Asset Management (Cambodia), and Aaron Ng, Executive Director of Banjaran Asset Management Pte Ltd:
Speaking at the ‘Cambodia’s First Collective Investment Scheme Fund’ press conference on November 15, 2023, H.E. Sou Socheat, Director-General of the SERC, noted that this scheme allows the managing companies to gather funds from individuals, invest those funds in certain projects to gain profits, then effectively distribute those profits back.
“COLLECTIVE INVESTMENT IS A KEY FINANCIAL INSTRUMENT FOR A COUNTRY’S ECONOMY THAT CANNOT BE FORGOTTEN, ESPECIALLY NOT BY COUNTRIES THAT HAVE CAPITAL MARKETS,” HE ADDED.