Techcom Capital launched two open-ended equity and bond funds
Techcom Capital launched two open-ended equity and bond funds
Techcom Capital announces on September 16 that its two local funds Techcom Equity Fund (TCEF) and Techcom Bond Fund (TCBF) have been licensed by the State Securities Commission of Vietnam (SSC). TCEF and TCBF are open-ended funds (OEF) with weekly subscription and redemption frequency. The funds' custodian and administrator is Standard Chartered Bank (Vietnam). The funds' NAV per unit is set at VND 10,000 ($0.45) per unit at initial public offering .
TCEF's investment strategy is to focus on listed industry leaders and/or potential leading players with large market capitalization; long-term growth stocks with high capital appreciation. TCBF, on the other hand, invests in government bonds or corporate bonds, both listed and OTC. TCBF is suitable for investors that have lower risk appetite compared to TCEF.
The Funds are available for subscription at Techcombank's branches in many major cities of Vietnam. They are also distributed via a wide agency network of TCC's distribution partners.
Techcom Capital is a wholly owned subsidiary of Techcombank – one of the leading joint stock commercial banks in Vietnam. With its strong and professional investment team, Techcom Capital offers a diversified range of investment products and services to institutional and high net worth investors in Vietnam and abroad.
