TCC issues securities fund certificates
TCC issues securities fund certificates
Techcombank Investment Fund Management Company (TCC) last Friday issued two fund certificates on the securities market - Techcombank Equity Investment Fund (TCEF) and Techcombank Bond Investment Fund (TCBF).
The funds will have an initial chartered capital of VND60 billion (US$2.78 million) each and the bank of Standard Chartered Viet Nam will provide depository services for these funds.
TCC offered at least 6 million certificates for each fund at a face value of VND10,000 each, and the fee for initial certificate issuance was a maximum of 2 per cent of each purchasing order value.
Investors will be able to make purchasing orders from July 5 to August 30 this year through Techcombank Securities Company (TCS).
A purchasing order must be at least VND5 million ($231.48).
TCEF will invest in large-cap companies that are leading the market, those that have the potential to become market leaders, and the stocks that can make long-term profits. It will also make investments in the bonds that are issued and guaranteed by highly credited companies and banks.
TCBF will make investments in government bonds or company bonds that are guaranteed by highly credited banks and suitable for investors who prefer low risks.
Shares, bonds and savings are the equity of the two funds and will be distributed flexibly on the market.
