INTERNATIONAL: 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”) in the Kingdom of Cambodia. BAEF is the first retail fund to launch for sale in the Kingdom which the public will be able to invest in.
BAEF is a unit trust fund investing in a diversified portfolio of companies listed on major stock exchanges across Asia Pacific Ex-Japan. The fund targets to provide the benefits of investing in Asia, where economists globally see as the premier growth region in the coming years. The fund’s tagline is “The Rise of Asia”.
Being the first SERC-approved retail fund to launch in Cambodia, BAMC will give Cambodian investors, who to-date have narrowly relied on bank deposits to grow their wealth, an opportunity to diversify their investments. In addition, Cambodians would no longer need to travel to foreign financial centers to access investment opportunities outside the Kingdom.
BAEF is the first of a series of funds that BAMC plans to bring to the investing public in Cambodia. To make the fund accessible to all investors, BAMC has set the minimum investment amount at just US$500.
BAMC is the fund manager of BAEF with Banjaran Asset Management Pte Ltd (“BAMPL”) of Singapore as the investment advisor. Stronghold Trustee Co., Ltd (“ST”) is the trustee of the fund.
Her Excellency Okhna Chan Theany (“H.E. Theany”), Chairwoman of BAMC said: “We are honored and happy to be the first fund management company in Cambodia to successfully launch a SERC-approved public collective investment fund. I am proud to report that in the process of obtaining the various licenses and approvals, we have trained a team of local Cambodians to take on various roles in the areas of asset management. For the launch of BAEF, we have brought in international fund management expertise and its best governance practices. We hope this will set a high standard for the asset management industry going forward.”
Mr. Aaron Ng (“Aaron”), CEO of BAMPL said: “BAMPL is proud to be the investment advisor to BAEF, Cambodia’s first approved public unit trust fund. We have extended our experiences, international practices and best governance practices to BAMC. We offer our best wishes to BAMC on this launch.”
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About Banjaran Asset Management (Cambodia) PLC (“BAMC”)
BAMC was incorporated in the Kingdom of Cambodia in 2022 and holds a fund management licence issued by the SERC to establish and manage public fund of collective investment scheme. BAMC is a joint venture between Banjaran Holdings Pte Ltd from Singapore, Best Magnet Capital Co., Ltd and Primo Plus Co., Ltd. Banjaran Holdings and BAMPL are related companies.
About Stronghold Trustee Co., Ltd (“ST”)
ST is the first Full-Licensed Trustee after the Cambodian Trust Law was promulgated in 2019. It specializes in trust services, including Collective Investment Scheme and Personal and Commercial trusts tailored to clients’ needs. ST is part of the Stronghold Group of Companies and has its roots from Taiwan.
About Banjaran Asset Management Pte Ltd (“BAMPL”)
BAMPL was incorporated in Singapore in 2014 and currently holds Capital Market Services licence in fund management issued by the Monetary Authority of Singapore. BAMPL’s main business activities is in investment management and its funds are distributed through private banks and investment banks across Asia and UK. BAMPL is also a leading provider of multifamily office services in Singapore. BAMPL’s assets under management is approximately US$5billion (as of 30 June 2023) in a variety of asset classes. These include private and listed equities, private and listed debts, alternative investments, ESG-focused investment and real estate investment.