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The mutual fund industry’s total assets under management (AUM) stands at about VND50,000 billion, just VND500,000 per person. It is in line with our strategy to opening up more opportunities for our customers, as well as support Vietnam’s market sophistication.”Ī survey conducted by Fusion for VinaCapital in late 2020 revealed that only 21% of respondents have so far invested in mutual fund certificates, but it appears that this is about to change.
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“This is the great time for HSBC Vietnam to facilitate wealth products as there is growing demand from affluent customers” – shared Pramoth Rajendran, Head of Wealth and Personal Banking, HSBC Vietnam – “Through this strategic cooperation with our long term partner VinaCapital, we aim to introduce to our customers another investment channel, advancing their prosperity by growing their wealth for a life full of life. HSBC customers who would like to invest in fund certificates will be introduced to VinaCapital’s customer services team who will guide the customers through the subscription process. HSBC Premier Relationship Managers will assist customers to assess their personal investment needs, current financial status and financial plans, and their risk tolerance, to help them make informed investment decisions that will enable them to achieve their financial goals. Vietnam Equity Special Access Fund (VESAF), which invests in the stocks of companies with small and medium market caps.Īccording to the information released by State Securities Commission of Vietnam (SSC), year to date all of these funds have outperformed their benchmarks and are among the top performing funds in their respective asset classes.VinaWealth Equity Opportunity Fund (VEOF), a domestic fund that invests in the stocks of companies with large market capitalizations and leading sector positions.VinaCapital Insights Balanced Fund (VIBF), which invests equally in bonds and equities.VinaWealth Enhanced Fixed Income Fund (VFF), which invests in fixed income securities such as government bonds, corporate bonds, and term deposits.HSBC Premier customers who are looking for investment products will be introduced to four open-ended funds managed by VinaCapital.The cooperation, initially supporting HSBC Premier customers, opens up more opportunities to investment products for HSBC customers. (HSBC Vietnam) has confirmed its strategic cooperation with VinaCapital Fund Management (VCFM), one of Vietnam’s leading investment management companies, to connect retail investors with VinaCapital’s mutual funds. HSBC Premier customers will be introduced to four mutual funds managed by VinaCapital. HSBC Vietnam helps diversify retail customers’ investment channels by referring VinaCapital’s mutual funds.