Illustrative image (Photo: VNA) Hanoi (VNA) - ETF VFMVN Diamond officially listed over 10.2 million fundcertificates on the Ho Chi Minh Stock Exchange (HoSE) on May 12.
CodedFUEVFVND, the certificates, worth 102 billion VND (4.3 million USD), had areference price on the first trading day of 11,693.36 VND per certificate and aband of /- 20 percent.
ETFVFMVN Diamond is a fund that mimics VN Diamond, one of the three indices,together with VN Fin Lead and VN Fin Select, introduced by HoSE last November.
Stocksmust meet certain conditions in terms of market cap, transaction value, andforeign ownership to be included in the VN Diamond Index.
Theyshould also have foreign ownership of at least 95 percent of the limit and theremaining stake foreign investors can buy should not be worth more than 500billion VND.
Themarket cap of individual stocks is 15 percent of the index and any one industrymust not account for more than 40 percent.
Accordingto HoSE, ETF VFMVN Diamond can invest in all sectors of the stock market notprohibited by law.
Its investmentassets include stocks listed and traded on Vietnamese stock exchanges, depositsat commercial banks in accordance with relevant legal regulations, derivativesecurities listed and traded on Vietnamese stock exchanges, and rights andassets associated with securities in its portfolio.
Thelisting of the fund certificates is expected help diversify products in thestock market and offer more investment options.
TheState Securities Commission of Vietnam issued a certificate of registration to ETFVFMVN Diamond on April 27./.
CodedFUEVFVND, the certificates, worth 102 billion VND (4.3 million USD), had areference price on the first trading day of 11,693.36 VND per certificate and aband of /- 20 percent.
ETFVFMVN Diamond is a fund that mimics VN Diamond, one of the three indices,together with VN Fin Lead and VN Fin Select, introduced by HoSE last November.
Stocksmust meet certain conditions in terms of market cap, transaction value, andforeign ownership to be included in the VN Diamond Index.
Theyshould also have foreign ownership of at least 95 percent of the limit and theremaining stake foreign investors can buy should not be worth more than 500billion VND.
Themarket cap of individual stocks is 15 percent of the index and any one industrymust not account for more than 40 percent.
Accordingto HoSE, ETF VFMVN Diamond can invest in all sectors of the stock market notprohibited by law.
Its investmentassets include stocks listed and traded on Vietnamese stock exchanges, depositsat commercial banks in accordance with relevant legal regulations, derivativesecurities listed and traded on Vietnamese stock exchanges, and rights andassets associated with securities in its portfolio.
Thelisting of the fund certificates is expected help diversify products in thestock market and offer more investment options.
TheState Securities Commission of Vietnam issued a certificate of registration to ETFVFMVN Diamond on April 27./.
VNA
