Bao Viet Fund was granted a licence by the State Securities Commission to launch its new open-ended fund.— Photo tinnhanhchungkhoan.vn

HA NOI (Biz Hub) — The Bao Viet Fund Management Company (Bao Viet Fund) was granted a licence by the State Securities Commission to launch its new open-ended fund.

This is the second open-ended fund of Bao Viet Fund. In 2013, the company launched the Bao Viet Equity Dynamic Open Ended Fund (BVFED), which bases its portfolios according to the VN30, which represents the HCM City Stock Exchange's 30 biggest stocks.

The new fund will focus on government bonds, bonds guaranteed by the government, corporate bonds, deposits, as well as other legal investment assets.

General director of Bao Viet Fund Dau Minh Lam said the open-ended fund would bring a safe and efficient investment opportunity for investors, especially individual investors who have little chance to invest in government bonds and corporate bonds.

Bao Viet Fund will introduce its new open-ended fund to investors through the company's distribution system and Bao Viet Securities Jsc, as well as other distribution channels.

Currently, Bao Viet Fund has VND31 trillion (US$1.38 billion) of assets under management.— VNS