Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Vietnams first Exchange Traded Fund


ckriebs
 Share

Recommended Posts

Vietnam’s first exchange-traded fund makes debut
July 12, 2014
in More Investments

The Vietnam Fund Management Company (VFM) has launched an exchange-traded fund (ETF) which tracks the VN30 index of the southern exchange.
The ETF VFMVN30, the first of its kind in Vietnam, was granted an initial public offering (IPO) certificate by the State Securities Commission (SSC) on July 4. The fund is managed by VFM and supervised by Standard Chartered Bank (SCB).
The IPO of the fund will be made between July 21 and August 14 and it will then be listed on the Ho Chi Minh Stock Exchange (HOSE).
The ETF VFMVN30 will follow developments of the VN30 index consisting of 30 stocks with the highest market capitalisation and liquidity on HOSE, which account for more than 60 percent of the market’s capitalisation value.
The fund will lay a foundation for the development of open funds in the time to come, thus increasing liquidity in the domestic stock market, said SSC Vice Chairman Nguyen Thanh Long.
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. ETFs experience price changes throughout the day as they are bought and sold. Most ETFs track an index, such as stock index or bond index.

 

http://www.oneiraqidinar.com/vietnams-first-exchange-traded-fund-makes-debut/Vietnam’s first exchange-traded fund makes debut - Iraq's Dinar.htm

  • Upvote 2
Link to comment
Share on other sites

THANKS SOMEONE WHAT DOES THIS DO FOR THERE MONEY

 

I believe it will provide the Vietnamese people, as well as other people holding Vietnamese currency, another option for increasing the size and/or amount of their Dong holdings.  :rolleyes:

  • Upvote 1
Link to comment
Share on other sites

Really don't think it has anything to do with currency

It's talking about an Ipo (initial public offering) of stock in an exchange traded fund that tracks the vn30 on its south vietnam exchange

In the USA we have the Dow jones we see the numbers every day on the news

Which is the USA top 30 corporations IBM Microsoft catapiller Ect

In vietnam they got the vn30

The ETF VFMVN30 will follow developments of the VN30 index consisting of 30 stocks with the highest market capitalisation and liquidity

I really don't think it is about exchange rates

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.