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The Sustainable Competitive Advantage Fund allows the minimum purchase of VND2 million ($95) for its certificate since October 9.— VNS Photo
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HA NOI (Biz Hub) — Saigon Securities Inc's exchange-traded fund's trading will begin on October 9, announced SSI.
The Sustainable Competitive Advantage Fund received its certificate of registration recently. Within a month of the IPO, it has successful raised VND111.9 billion (US$5.3 million), more than twice the amount of its planned charter capital.
The ETF allowed the minimum purchase of VND2 million ($95) for its certificate.
According to SSI, the fund will work with the balanced model and strategy that allocates assets and carefully chooses the securities for investment to bring profits to the fund investors.
The fund invests in businesses with sustainable and competitive advantages and assets which can create fixed income in the long term.
Meanwhile, Viet Nam's first ETF, the VietFund Management VN30 ETF, was listed on the HCM City Stock Exchange from October 6.— VNS