New exchange traded fund eyes Vietnam

24-Jun-2021 Intellasia | Vnexpress | 5:02 AM Print This Post

Investment fund Dawn Global has announced the launch of the Asian Growth Cubs exchange traded fund (EFT) that will focus on Vietnam and four other fast-growing markets.

The ETF, listed on the New York Stock Exchange, offers investors exposure to Vietnam, Bangladesh, Indonesia, Pakistan and the Philippines with each economy having grown more than 6 percent a year in most years since 2000.

“Most emerging market investors focus in Asia on China and India, yet there is a compelling long-term secular growth story in five Asian countries with a combined population of more than 860 million people, expected to grow to one billion by 2035, and with attractive demographics,” said Maurits Pot, founder and CEO of Dawn Global.

The average age is 28 in these markets with a burgeoning middle class and accelerating digital adoption, he added.

The ETF is set to pour at least 85 percent of its net assets into listed companies across the five markets, while 15 percent are set to go into ETFs or deposit receipts.

https://e.vnexpress.net/news/business/economy/new-exchange-traded-fund-eyes-vietnam-4297981.html

 

Category: Stocks, Vietnam

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