At the working session (Source: Internet) Hanoi (VNA) – Deputy General Director of the Vietnam Social Security (VSS) Nguyen Dinh Khuong recently held a working session with a delegation from the World Bank (WB) led by financial expert Alwaleed Alabatani in Hanoi to discuss the launch of a technical support programme for pension fund management. Khuong thanked the WB for assisting the VSS in improving its ability to manage pension funds and asked the lender to continue helping the VSS expand its investment portfolio and improve training, governance, and the capacity of its Department of Fund Management and Investment. Alabatani said building on the success of the first stage of the programme (2017-2018) with a focus on training and improvement of pension fund governance, the WB will arrange financing to continue assisting the VSS in the efforts during the second stage from 2019-2021. Earlier, the lender announced it had mobilised 500,000 USD from First Initiative … [Read more...] about WB to help Vietnam Social Security in pension fund management
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Tough year predicted by investment funds as VN Index falls
VietNamNet Bridge - Big challenges for the stock market may occur in 2019, according to investment fund management companies. The Swedish Tundra Vietnam Fund likened Vietnam’s stock market in 2018 to a roller coaster. In the first half of the year, the market performed well with the VN Index hitting the peak of 1,205 points in mid-April 2018. Meanwhile, in the second half, it fell to 892 points. The index decreased by 9.4 percent in 2018. Even the two largest funds in Vietnam, which are managing billions of dollars worth of capital, namely VinaCapital Vietnam Opportunity Fund (VOF) managed by VinaCapital, and Vietnam Enterprise Investments Ltd (VEIL) of Dragon Capital, reported NAV decreases of 9 percent and 7.1 percent, respectively. Foreign investment funds such as Dragon Capital, VinaCapital, Vietnam Holdings Ltd, Pyn Elite Fund, and Tundra Vietnam Fund also reported the same problem. RELATED NEWS Foreign investment funds target market for mothers and kids Investment … [Read more...] about Tough year predicted by investment funds as VN Index falls
Dai-ichi Life Vietnam Fund Management Company launches DFVN Capital Appreciation Fund
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
Dai ichi Life Vietnam Fund Management Company launches open ended fund
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
Dai-ichi Life Vietnam Fund Management Company launch Open-ended Fund – DFVN Capital Appreciation 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