Dai-ichi Life Vietnam Fund Management Company Limited launched its DFVN Capital Appreciation Fund with charter capital of VND75.121 billion (US$3.29 million) on Friday. — Photo courtesy of DFVN Dai-ichi Life Vietnam Fund Management Company Limited (DFVN), the wholly-owned subsidiary of Dai-ichi Life Insurance Company of Vietnam, launched its DFVN Capital Appreciation Fund (DFVN-CAF) with charter capital of VND75.121 billion (US$3.29 million) on Friday. DFVN-CAF is the first open-ended fund (OEF) established and managed by DFVN, which currently manages life insurance funds for Dai-ichi Life Insurance Company of Vietnam with total assets under management of over VND17 trillion as of November 2018. DFVN-CAF will invest mainly in a diversified portfolio of listed equities in Viet Nam with high growth potential and solid corporate governance. The fund aims to outperform the benchmark VN-Index. “As of November 30 last year, there were 24 open-ended funds in Viet Nam with total … [Read more...] about Dai-ichi Life Vietnam Fund Management Company launches DFVN Capital Appreciation Fund
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Dai-ichi Holdings is deepening its roots in Vietnam in order to cash in on the market’s immense potential. Dai-ichi Life Vietnam has grown into the fourth largest life insurers in Vietnam Dai-ichi Life Vietnam Fund Management Company Limited – the wholly-owned subsidiary of Dai-ichi Life Insurance Company of Vietnam which is a member of Dai-ichi Holdings Inc. from Japan – has just launched its DFVN Capital Appreciation Fund with the charter capital of more than VND75 billion ($3.2 million). The move is in conformity with the Incorporation License for public securities investment fund No.34/GCN-UBCK by the State Securities Commission of Vietnam dated January 3, 2019. The new fund (DFVN-CAF) is the first open-ended fund established and managed by DFVN. With dedicated and experienced on-the-ground team of professionals, DFVN has been entrusted to manage the life insurance funds of the Dai-ichi Life Insurance Company of Vietnam (or Dai-ichi Life Vietnam) with … [Read more...] about Dai ichi Life Vietnam Fund Management Company launches open ended fund
DFVN-CAF is the first Open-ended fund established and managed by DFVN. With dedicated on-the-ground experienced team of professionals, DFVN has been entrusted to manage life insurance funds of capital of the Dai-ichi Life Insurance Company of Vietnam, Limited (Dai-ichi Life Vietnam) with the total asset under management over VND17,000 billion as of November 2018. Taking a long term view, DFVN emphasizes being disciplined in investment process while remains flexible in execution of investment tactics in response to market conditions. DFVN-CAF investment strategy is the combination of value style - setting a foundation of quality investment assets/equities with good fundamentals that can bring in stable sources of return, and growth investment strategy - navigating opportunities for potential higher income; a fusion investment method combining “top-down” macros, industry analysis and “bottom-up” approach looking deeper into company fundamentals, stock valuations … [Read more...] about Dai-ichi Life Vietnam Fund Management Company launch Open-ended Fund – DFVN Capital Appreciation Fund
VietNamNet Bridge – Only 23 fund management companies are still in operation out of the 47 companies licensed by the State Securities Commission (SSC). The total assets managed by the management companies have dropped by 23 percent in comparison with the end of 2011. A lot of companies have been just trying to hold out to survive the current difficulties.It’s difficult to raise funds The most noteworthy event in the fund management market so far this year is the listing of ASIAGF certificates of the ACB Growth Fund. However, the initial capital of the fund was modest at just 240 billion dong. The total assets of ASIAGF had increased to 275 billion dong by the end of the second quarter of 2012. With the management fee of 0.5 percent of the total net assets every year, ACB Fund Management Company could earn the revenue of 1.4 billion dong, a modest income if compared with the expenses to operate the business. Meanwhile, other management companies still cannot raise … [Read more...] about Which fund management companies live on?
Foreign, local fund managers ink deal By Thuy Trieu - The Saigon Times Daily HCMC - Vietnam's Hanoi Fund Management yesterday inked a deal with Cayman Islands' Saigon Asset Management to assist the latter in seeking business opportunities in Vietnam. Under the agreement, the local fund manager will help the partner, which currently manages two Frankfurt-listed investment funds Vietnam Equity Holding and Vietnam Property Holding, to make market research and identify opportunities on the local market. These services are aimed to help Vietnam Equity Holding in better penetrating Vietnam. Louis Nguyen, chairman and CEO of the foreign fund manager, said that by working with Hanoi Fund Management, his company would be able to utilize the strengths of the local fund manager, who has an outstanding team as well as backing from the Military Commercial Joint Stock Bank. This bank holds a major stake in this local fund manager. Nguyen Hai Ha, chief representative officer of the local fund … [Read more...] about Foreign, local fund managers ink deal