Named "AIMS Resurrection Series Mutual Fund", it will be solely sponsored and managed by the organisation and is likely to be released serially at regular intervals from the first quarter of 2021, said a press release. This would be the first mutual fund launched by AIMS in a decade and one with its own name in two decades. The proposed fund will have both open and closed end schemes, both listed and over-the-counter, of different size and characteristics. AIMS of Bangladesh pioneered the first privately managed mutual fund in the country in 1999. They also manage the Grameen and Reliance mutual funds, both listed on the stock exchanges.

Source: Dhaka Tribune December 06, 2020 16:07 UTC