An investor observes the market move on his laptop. Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year. (Photo: tinnhanhchungkhoan.vn) Hanoi (VNS/VNA) - Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive movements of the market.
The VN-Index gained 9.71 percent in the third quarter. The VN30-Index also increased by 11.42 percent in Q3. With these recoveries, the VN-Index and the VN30-Index were among the world’s top growing stock indices in the quarter.
Newly established domestic exchange-traded funds (ETFs) of VFMVN Diamond and SSIAM VNFin Lead had the best performance with a growth rate net asset value (NAV) of 16.6 percent. Pyn Elite Fund also performed positively with a NAV increase of 14.67 percent, far ahead of the rise of the VN30-Index and VN-Index.
Vietnam Enterprise Investments Limited Fund (VEIL), run by Dragon Capital, also outperformed in the third quarter with a NAV growth of 13.15 percent.
The largest domestic ETF fund VFMVN30 ETF reported a growth of 12.04 percent, slightly higher than the growth of VN30 index.
Yurie Vietnam Alpha Securities reported the lowest growth among listed funds with a 6.95 percent increase.
Despite a positive performance in the third quarter, in the first nine months of the year, the VN-Index still fell 5.8 percent and the VN30 Index dropped 2.33 percent.
With less positive market movements, some funds also had negative growth in nine months such as VNM ETF, which was the fund with the worst performance as NAV growth was negative 7.18 percent.
The fund with the best performance so far this year was VOF VinaCapital with NAV growing by 7.78 percent.
The Pyn Elite Fund also reported a NAV growth of 2.4 percent./.
VNA
