ckriebs Posted July 13, 2014 Report Share Posted July 13, 2014 Vietnam’s first exchange-traded fund makes debutJuly 12, 2014in More InvestmentsThe 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 2 Link to comment Share on other sites More sharing options...
dontlop Posted July 13, 2014 Report Share Posted July 13, 2014 This is interesting I'm not sure I understand I'm not sure why the title of the article is on this story First exchange rate ? Link to comment Share on other sites More sharing options...
sandfly Posted July 13, 2014 Report Share Posted July 13, 2014 THANKS SOMEONE WHAT DOES THIS DO FOR THERE MONEY Link to comment Share on other sites More sharing options...
Driver Posted July 13, 2014 Report Share Posted July 13, 2014 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. 1 Link to comment Share on other sites More sharing options...
dontlop Posted July 13, 2014 Report Share Posted July 13, 2014 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 More sharing options...
rdoncampos Posted July 13, 2014 Report Share Posted July 13, 2014 THANKS 1 Link to comment Share on other sites More sharing options...
calkid11 Posted July 13, 2014 Report Share Posted July 13, 2014 Thank you 1 1 Link to comment Share on other sites More sharing options...
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