VinaCapital’s VN100 Exchange Traded Fund begins trading at the Ho Chi Minh Stock Exchange under the ticker FUEVN100. — Photo courtesy of the company

VinaCapital, one of Viet Nam’s leading investment management companies with over US$3 billion in assets under management, launched its VN100 Exchange Traded Fund on the Ho Chi Minh Stock Exchange.

The ETF, under the ticker FUEVN100, VinaCapital’s first, aims to replicate the performance of the VN100 Index, a free-float adjusted, market capitalisation-weighted index measuring the performance of the 100 largest and most liquid stocks.

It is closest in performance to the VN Index, which consists of all listed stocks on HOSE and is considered the country’s benchmark.

The VinaCapital VN100 ETF provides investors with exposure to Viet Nam’s leading listed large and mid-cap companies across a diverse group of sectors.

It targets a 0.5 per cent tracking error to the VN100 Index.

Brook Taylor, CEO–Asset Management, said: “The VinaCapital VN100 ETF offers investors an efficient and low-cost vehicle that mirrors the performance of the VN100 Index and the broader VN Index better than other ETFs currently on offer in Viet Nam.

“Of particular importance to foreign investors is that the VinaCapital VN100 ETF enables them to participate in a wider range of growth stocks that might otherwise be unavailable to them due to foreign ownership limits, a feature that further sets apart the product from the international ETFs.”

The VinaCapital VN100 ETF is managed by VinaCapital Fund Management JSC, which is regulated by the State Securities Commission of Viet Nam.

Its authorised participants are VNDirect Securities, BIDV Securities and Bao Viet Securities.

The supervisory bank is the Bank for Investment and Development of Viet Nam.

It has a low management fee of 0.67 per cent. — VNS