VFM to introduce new fund on January 7

VNStockNews.com - VietFund Management (VFM) announced that the third closed-end public fund Vietnam Active Investment Fund (VFA) with a charter capital of 300 billion dong will be debut on January 7, 2010.

This is the first short term fund, raised from capital of domestic and foreign individuals and entities. As scheduled, the fund will be closed in early February 2010 and then listed on Hochiminh Stock Exchange (STC).

VFA uses the Quantitative analysis investment model to carry out investment strategies on Vietnamese stock market.

VFA obtained State Securities Commission's license No 05/UBCK-GCN dated December 28, 2009.

The issue price is estimated at 10,300 dong per fund certificate till the end of February 8, 2010.