Product Information
The VinaWealth Enhanced Fixed Income Fund is an actively managed bond fund that invests into bonds, valuable papers and other low-risk instruments designed to generate stable, attractive returns over the medium to long term.
The VinaWealth Enhanced Fixed Income Fund is an actively managed bond fund that invests into bonds, valuable papers and other low-risk instruments designed to generate stable, attractive returns over the medium to long term.
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INFORMATION
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Fund Name | VinaWealth Enhanced Fixed Income Fund (VFF) |
Fund Management Company | VinaWealth Fund Management JSC |
Structure | Public, open-ended fund regulated by Vietnam State Securities Commission (SSC) |
Fund Objective | Average 3-month deposit rate, interest payable on maturity, by 4 state-owned commercial banks, including Vietcombank , BIDV, VietinBank and Agribank |
Minimum investment | Normal investor: VND 2,000,000 VinaSave investor: VND 200,000 |
Trading frequency | Weekly, on Tuesdays (except for public holidays) |
Target Portfolio | At least 80% of the fund’s assets must be invested into bonds and other valuable papers defined by regulations. |
Fees |
– 0% for all products and fund programs
– VinaFlex: 2.5% if the fund unit holding time less than 1 year, 1% if more than 1 year; |
Custodian Bank, Fund Administrator and Transfer Agency | Standard Chartered (Vietnam) |
Auditor | Ernst & Young Vietnam |
To offer a low-risk investment option that achieves an annual rate of return higher than the 12-month term deposit rate offered by Vietcombank, via investment into a diversified portfolio of fixed income securities and active, professional management.
VFF invests predominately into fixed income securities that have stable returns and lower risks, primarily government bonds, government-backed bonds, CDs and other valuable papers traded in the banking system. From time to time, the fund manager may also look for opportunities to invest a small portion of the fund into stocks and other instruments that have the potential to enhance return without exposing the fund to excessive risk.
VFF INVESTMENT STYLE CLASSIFICATION
VinaWealth’s experienced investment team, the VinaWealth investment committee, and the custodian bank monitor VFF’s portfolio and investment activities daily to ensure the fund meets its target return, maintains its low risk profile and adheres to prevailing regulations.
STRUCTURE OF THE FUND’S TARGET PORTFOLIO
Steady return
VFF’s investment objective is to achieve a stable rate of return while protecting capital. VFF targets to generate an annual rate of return that is higher than Vietcombank’s 12-month term deposit rate.
Low risk
High liquidity
VFF is an open-ended fund, which means that the fund admits new investments and also redeems investments for investors who wish to withdraw money. At any time, investors may ask to redeem their fund units at the current net asset value (NAV) of the fund. Under normal circumstances, investors can expect to receive their redeemed proceeds within 7 days.
Low investment threshold
VFF accepts minimum investment amounts of VND2 million and, in some cases, even less (please see the fund prospectus for additional details). The fund’s low threshold is flexible enough to accommodate both individual and institutional investors.
Professional management
VFF is actively managed by VinaWealth’s experienced fixed income team, which has nearly 20 years of experience investing into fixed income in Vietnam. By participating in an actively managed fund, investors do not have to spend inordinate amounts of time researching or managing their own investments.
Reasonable fees
Individual, institutional, domestic, and foreign investors can all invest into VEF. To begin, investors need to open a fund trading account with an authorized distributor. An account opening application includes:
Important information for investors regarding trading for VFF:
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