Dawn Global eager to tune first ETF

Dawn Global management, a UK Based Company, has showed interest to launch country’s first exchange-traded fund (ETF).

A meeting was held between Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam and Dawn Global management funder and CEO Maurice Pot on Sunday in BSEC Auditorium.

Commissioner Shaikh Shamsuddin Ahmed and Mizanur Rahman were present on the Meeting, said a press release.

BSEC Chairman Professor Shibli Rubayat-Ul-Islam said, hopefully ETFs will be acceptable to investors as new investment products. When this new investment product hits on the market, it will play an important role in stabilizing the market,creating diversification and increasing liquidity flow.

The Commission would provide fund-tracking services with overall cooperation to the organizations interested in setting up Exchange Traded Funds (ETFs) and issuing market-creating certificates, He said further. The meeting was attended by 5 more delegates including the CEO of Dawn Global Management.

Dawn Global was founded by Maurits Pot. Maurits, which has been a public and private equity investment partner at Kingsway Capital, a leading emerging and frontier markets specialist with assets under management of more than $2 billion.