Investment funds reported their growth rates had been outpaced by the banking system’s one-year saving rate, which is around 6.6 per cent, data on cafef.vn showed.— Photo cafef.vn Most investment funds in Viet Nam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters. At the end of September, the benchmark VN-Index on the HCM Stock Exchange gained total 3.34 per cent from its 2017 end of 984.24 points. The large-cap VN30 Index, which represents the group of large-cap stocks with the greatest impact on the movement of the market, was up nearly 2 per cent during the nine months. Investment funds reported their growth rates had been outpaced by the banking system’s one-year saving rate, which is around 6.6 per cent, data on cafef.vn showed. Among foreign-owned investment funds that out-performed the VN-Index in the first nine months, the best-performing was the Sweden-based Tundra Vietnam Fund … [Read more...] about Investment funds make modest gains
Best performing etfs 2017
Big players hit hard by unstable stock market in Vietnam
In the first half of 2018, at least 13 major funds and investors on Vietnam’s stock market suffered negative growth rate in their net asset value (NAV), which is value per share of a fund on a specific date or time. Leading this was Hanoi-based Hestia Joint Stock Company registered on the Unlisted Public Company Market (UPCoM) on the Hanoi Stock Exchange (HNX), which saw its NAV falling by 19.4 percent. Thien Viet Securities Joint Stock Company came second with its Thien Viet Growth Fund 2 (TVAM TVGF2) on the Ho Chi Minh stock exchange (VN-Index) dropping 11.6 percent. Other funds and investors in the negative growth list include U.S.-based VanEck Vectors Vietnam ETF (VNM ETF), Passion Investment, Pyn Elite Fund, the TCEF fund of Techcom Capital Co. Ltd, SSI Sustainable Competitive Advantage Fund (SSI SCA), VCBF Leading Investment Fund (VCBF-BCF), Vietfund Management Company (VMFVF4) and Vietnam Enterprise Investment Limited (VEIL), managed by Dragon Capital Group. Why this … [Read more...] about Big players hit hard by unstable stock market in Vietnam
BUSINESS IN BRIEF 19/6
Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6