Local fund VFM to target retail investors

Tuesday, Mar 29, 2016 10:16

VFM on Monday introduces new branding awareness. — VNS Photo

HCM CITY (Biz Hub)– VietFund Management (VFM), Viet Nam's first home-grown fund management company, on March 28 unveiled its new strategy of expanding to individual investors.

But it would continue to focus on its traditional customer base of large organisations and international institutions.

To reach individual investors, it plans to expand its distribution system as well as have more partners including stock brokerages.

Among other efforts to achieve the target, the company on Monday announced its new branding awareness.

Last year, the net asset value of VFM's VF1 and VF4 grew by 13.6 per cent and 19.9 per cent.

Its VFB (bond investment fund) reported growth of 6.3 per cent. — VNS

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