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VinaCapital introduces seventh investment fund in Vietnam

The Saigon Times

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HCMC – Investment management firm VinaCapital has established a new open-ended investment fund targeting individual investors in Vietnam.

The VinaCapital Modern Economy Equity Fund (VINACAPITAL-VMEEF) focuses on long-term growth, primarily investing in equities with strong potential for sustained revenue and profit growth.

The investments are closely linked to the long-term economic drivers of Vietnam, including urbanization, the expanding middle class, and digitalization.

With a moderate to high risk profile, VINACAPITAL-VMEEF caters to investors seeking high potential returns, a medium to long-term investment horizon, and a tolerance for short-term market volatility.

Brook Taylor, CEO for Asset Management at VinaCapital, said that VINACAPITAL-VMEEF will capitalize on opportunities in Vietnam’s modern economy, given the country’s fast and stable growth, young population, macroeconomic stability, and favorable business conditions.

VINACAPITAL-VMEEF will invest in key sectors essential to Vietnam’s economic development, such as consumer goods, healthcare, financial services, technology, renewable energy, and infrastructure. These sectors are well-positioned to benefit from long-term trends like urbanization, digitization, and sustainability.

The Hochiminh Stock Exchange had a solid trading session today, November 6, as winners outnumbered losers by a ratio of 367 to 176.

As a result, the VN-Index rose by 1.2%, gaining 12.88 points to reach 1,089.66 points. The total trading volume amounted to more than 692.8 million shares, valued at VND14 trillion, both of which decreased by around 8.5% compared to the previous session.

The VN30-Index group displayed a robust performance, surpassing the main index, as it added 17.33 points to close at 1,103.52 points, with 24 stocks advancing and four others dipping.

Retailer MWG was the biggest decliner with a 2.3% decrease, closing at VND38,050 per share.

VPB rose the sharpest, by 5.1% to VND20,800 per share, with nearly 9.6 million shares changing hands. It is the biggest contributor to the benchmark VN-Index, contributing two positive points.

Several other banking stocks, including SSB, TPB, STB and MBB, also saw gains exceeding 3%.

Housing developer NVL took the lead by liquidity on the southern market, with a matching volume of 27.9 million shares.

The HNX-Index of the Hanoi Stock Exchange also gained 1.84 points, or 0.85%. to 219.59 points, with 105 advancers and 68 decliners. There were 76.17 million shares worth VND1.3 trillion transacted on the Hanoi bourse.

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