Southern bourse welcomes fourth securities fund

HCM City (VNA)- The VietFund Management (VFM) on June 12 launched
certificates of a fund under its management onto the Ho Chi Minh City
Securities Exchange.

With the listing of the First-Class Vietnam Enterprise Fund (VF4)
certificates in the codename VFMVF4 on its floor, the largest national
bourse now sees the transaction of four securities investment funds.

VF4 registers a charter capital of 806.46 billion VND, equivalent to
80.646 million fund certificates with foreign investors holding an almost 42
percent stake.

The fund was founded by VFM and is supervised by the Ho Chi Minh City
branch of HSBC.

It is licensed for a 10 year operation term to supply investments for
leading national companies in energy, material-mining, financing, banking,
telecommunications, infrastructure construction and real estate development.

VFM, a joint-venture between Sacombank and Britain 's Dragon Capital, is
the first capital fund in Vietnam with total asset estimated at over 340
million USD. VFM is managing some 5 trillion VND through several fund
products, including VF1 for securities investment, VF2 for investment in
growth and VF4. The company is drawing over 8,000 investors from both at
home and abroad.--Enditem