VinaCapital VN100 ETF to start HoSE trading next week
VinaCapital VN100 ETF to start HoSE trading next week
The public exchange-traded fund VinaCapital VN100 ETF will debut 5.3 million certificates on the Ho Chi Minh Stock Exchange (HoSE) on July 21.
The fund certificate will be labelled FUEVN100 and the debut price will be announced by VinaCapital on July 20.
The certificates will be able to rise or fall by a maximum 20 per cent on the first trading day.
The VinaCapital VN100 ETF tracks the VN100-Index, which follows 100 large-cap and mid-cap stocks on HoSE.
The ETF was certified by the State Securities Commission on June 16 and filed for listing on HoSE on July 6.
The number of all ETFs listed on the Vietnamese stock market has increased to five, including the VNFIN Lead ETF and SSIAM VNX50 ETF that are managed by SSI Asset Management – a member of SSI Securities Corporation.
The asset management firm is also planning to launch a new fund named SSIAM VN30 ETF.
The two other ETFs are VFMVN Diamond ETF and VFMVN30 ETF, run by VietFund Management.