Chủ đề: VFM opens first short-term fund
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08-01-2010, 11:54 AM #1imported_dieuhoahn1306 Guest
VietFund Management (VFM) officially launched its first short-term fund on Thursday to capitalise on opportunities during the economic recovery.
The five-year term Vietnam Active Investment Fund (VFA) will be the company’s third public close-ended fund, according to Chairman Tran Thanh Tan.
Golden opportunities
"We aim to grab the golden opportunities brought about by the economic recovery with the main objective of capturing medium to long-term capital appreciation in Viet Nam market, with capital preservation during adverse market conditions, using the Quantitative Investment Model," Tan said.
The VFM’s two other funds, Vietnam Securities Investment Fund (VF1) and Vietnam Blue-chips Investment Fund (VF4), both listed at the HCM City Stock Exchange, have 10 year terms.
The VFA fund raising began yesterday and will end on February 8, Tan said. The initial target is VND300 billion (US$16 million) with each unit’s face value being equal to VND10,000, but sold at VND10,300.
The new fund is expected to list in HoSE after its closing.
The Quantitative Investment Model mathematically analyzes huge volumes of information using a special computer programme to search for investment opportunities.
A seminar on VFA for Taiwanese business people working in Viet Nam will be held at Caravelle Hotel tomorrow.View more random threads:
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