Vietnam Exchange-listed Funds Report Strong Rise in NAV

3:18:15 PM | 6/11/2009

All four investment funds listed on the Vietnam’s main bourse, Ho Chi Minh City Stock Exchange, have reported that the net asset value (NAV) on each fund certificate was double compared to their par value within one week ending June 4.

VFMVF1, managed by Vietnam Investment Fund Management Co., reported a NAV of up to VND115.8 billion (US$6.8 million) in the week, bringing its NAV to VND2.071 trillion as of June 4.

Vietnam Bluechips Fund (VFMVF4), meanwhile, saw its NAV rise by VND50.3 billion in the week to VND898.99 billion as of June 4.

Manulife Progressive Fund (MAFPF1) made profit of VND13.37 billion from investments, raising its NAV to VND121.35 billion as of June 4, while the net asset value of Prudential Fund (PRUBF1) reached VND417.89 billion.

The following is the comparison between the NAV and market price of four funds:

	NAV/fund certificate (VND)	Market Prices (VND)
VF1	20,706	12,800
VF4	11,147	9,000
BF1	8,358	5,600
PF1	6,293	4,800

The trading value of four fund certificates reached up to VND153.5 billion since June 1 on investors’ buy-in due to their high net asset value. (HoSE)

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Vietnam Exchange-listed Funds Report Strong Rise in NAV

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