VFM funds report solid results

Monday, Oct 23, 2017 15:23

VFM office in HCM City. — VNS Photo

Vietfund Management said that the size of its ETF VFMVN30 has topped VND1 trillion (US$43.8 million) after jumping by 138 per cent this year.

It said the fund’s return of 28 per cent is the highest even surpasses any other open-ended funds in Viet Nam.

ETF VFMVN30, a domestic exchange-traded fund incorporated in the country and launched in 2014, has attracted many foreign investors.

It aims to replicate the performance of the VN30 Index as closely as possible.

VFM also reported that its VF1, a balance open end fund, now has a total asset value of over VND787 billion ($34.5 million) and made a return of 21.55 per cent this year.

In the last five years, VF1 achieved average returns of 16.8 per cent a year, the company said.

VF4, another open end fund investing fully in blue-chip stocks, has total assets of VND511 billion ($22.4 million) value and a return of nearly 24 per cent after 9 months this year and 18 per cent in the last five years.

VFB, an open end fund investing in bonds, has assets of VND223 billion ($9.7 million) and reported returns of 13.4 per cent.

VFM, is the first domestic fund management company in Việt Nam, was founded in 2003. — VNS

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