1. Introduction of ETF IPAAM VN100 Fund
The IPAAM VN100 ETF was licensed by the State Securities Commission for an initial public offering under license number 100/GCN-UBCK on July 28, 2021.
The IPAAM VN100 ETF was formed from swapping the structured equity portfolio for fund certificates, was listed and traded on the Ho Chi Minh City Stock Exchange (HOSE).
The objective of the IPAAM VN100 ETF is the closest simulation of the VN100 Index.
2. Benchmark Index
VN100 Index is a market index built by HOSE, including 100 leading Vietnamese stocks with high market capitalization and liquidity listed on HOSE. The VN100 index represents about 85% of the market capitalization of Vietnam’s stock market.
3. Investment Strategy
- About investment strategy: The ETF applies a passive investment strategy, with the goal of simulating the growth of the Benchmark Index. While an open-ended fund adopts an active investment strategy, the fund manager will actively select securities to achieve investment objectives.
- About trading methods: ETFs are traded on both primary and secondary markets. In the primary market, ETFs issue fund certificates directly to investors who need to trade in large lots, each lot is 100,000 fund certificates. In the secondary market, an ETF is listed and traded like a common stock on the Stock Exchange.
4. Why invest in IPAAM VN100 ETF?
Simulate VN100 Index
IPAAM VN100 ETF simulates the top 100 stocks leading in market capitalization and liquidity on HOSE
Diversify portfolio with low cost
Easily hold a portfolio of value stocks with the same weight and structure as the VN100 Index
5. Fund's Partners
Supervisory Bank: Joint Stock Commercial Bank for Foreign Trade of Vietnam – Head Office
Transfer agent: Vietnam Securities Depository (VSD)
Foundation members / Fund certificate distribution agent:
1. VNDIRECT Securities Joint Stock Company (VNDS)
Address: No. 1 Nguyen Thuong Hien, Nguyen Du Ward, Hai Ba Trung District, Hanoi
Phone: 024 3941 0622
2. Vietnam Bank for Investment and Development Securities Joint Stock Company (BSC) Address: 10-11 Floor, BIDV Tower, 35 Hang Voi, Hoan Kiem, Hanoi
Phone: 024 3935 2722