New fund certificates to be introduced on STC

Hochiminh Stock Exchange (STC) announced to list the fund certificates of ACB Growth Investment Fund (ASIAGF) on the southern bourse in the near future.

Accordingly, ASIAGF would officially list and trade over 24 million fund certificates on the STC, starting from June 26, 2012 with reference price of 10,000 dong per unit, marking it as the sixth public fund listing shares on the stock market, after Prudential, Manulife and three others under Vietnam Fund Management Joint Stock Co.

ASIAGF would have operation period of five years, with main investment focus on the enterprises with stable profit and high growth potentials.

According to the latest reports released in late May, the net asset value of each fund certificate of ASIAGF reached 11,333 dong, up 13 percent year-on-year. The report showed that the fund’s current assets were mainly in deposits with terms of over three months (valued at 262.7 billion dong).

 

Category: Stocks