SSI Asset Management’s large-cap ETF makes its debut
SSI Asset Management’s large-cap ETF makes its debut
SSI Asset Management’s blue-chip tracker ETF SSIAM VN30 debuted on the Ho Chi Minh Stock Exchange on Tuesday with 5.6 million certificates, valuing its size at VND56 billion (US$2.42 million).
ETF SSIAM VN30 is the third fund managed by SSI Securities’ asset manager and the sixth ETF to be listed on the southern bourse.
The fund certificates are labelled FUESSV30 and seek to replicate the performance of the large-cap tracker VN30-Index.
According to SSI Asset Management, it is quite suitable for investment funds to track the performance of the VN30 basket because of the size of the group and stocks’ trading liquidity.
Most of stocks in the large-cap basket VN30 represent the Vietnamese large-cap companies, which are taking the lead in their own sectors and are worthy for passive investment.
The asset management company expects to lure more foreign investors to invest in the Vietnamese stock market through the ETF.
Nguyen Minh Hanh, ETF director at SSI Asset Management, said the expansion of passive funds will help flatten the volatility of shares in the index when encountering unexpected events on the global markets.
