Fund Managers Raise US$3.2 Bln for Securities Investment
The State Securities Commission (SSC) announced that fund management companies mobilized and managed more than VND51.4 trillion (US$3.2 billion) as the end of May.
So far, 34 operating fund mangers have set up four public securities investment funds, 16 member funds, and attracted hundreds of customers.
All four funds are listed on the Ho Chi Minh City Stock Exchange, including VFMVF1, VFMVF4, Manulife Progressive Fund (MAFPF1) and Prudential Fund (PRUBF1).
The SSC said it would raise establishment criteria of fund management funds in the coming months to ensure their strong competence in asset management amidst difficulties of the stock market.
The commission will also encourage the diversification of securities funds and new investment products to create more choices and opportunities for investors. (Securities Investment)
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