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Tag Archive for ‘ETF’

More Vietnamese investment funds receive licenses as Vietnam stock market thrives

A manager of TVAM said TVAM would launch the new fund – TVGF2 – a closed-end fund in early October. It will be listed on HOSE. Observers commented that more funds are being set up because of improved management and increased demand for investment because of the thriving stock market. PVI, a fund management company, […]

NAV of iShare MSCI Frontier 100 Index Rises 26% in 1 Month

Total net asset value of iShares MSCI Frontier 100 Index Fund, a new ETF fund of iShares launched on September 12, rose 26% a month from inception. As of October 22, its NAV rose to 14.313 million or up 26%from $11.3 million on September 13, and its share number rose to 550,000 from previous 450,000. NAV per share rose to $26.02…

Oct 17: Vietnam Gold Regains VND47 Mil/Tael Threshold, Premium Stays High

Vietnam’s gold prices soared today to top VND47 million/tael following global gold move, premium continued to hang high. Gold prices were volatile this morning with several adjustments. Hanoi SJC gold was quoted at VND46.92 million/tael for bid and VND47.12 million/tael for ask this morning, up VND3700,000/tael from yesterday close. However, Thang Long gold, produced by Bao Tin Minh Chau company, was still quoted at VND44.6 million/tael for bid and VND45.1million/tael for ask, unchanged. It should be noted that after the central bank made SJC as national branded gold, prices of other branded gold…

Vietnam Business Briefs October 11, 2012

* Ben Thanh Trading & Service Company (BTT) has announced October 19 as the ex-dividend date to issue 1.8 million bonus shares for shareholders at the 44:9 ratio. * Bao Viet Securities Investment Fund has sold over 1.1 million shares of Truong Thanh Furniture Corporation (TTF) to reduce its ownership from 11.6 percent to 8.7 […]

Hochiminh Stock Exchange Plans to Deploy ETF Product in 2013

The Hochiminh Stock Exchange will hold a meeting on October 12 afternoon at Rex hotel in Ho Chi Minh city to introduce and collect opinion on trading mechanism, regulations on listing, information disclosure and supervision of ETF. The move is one of the steps in HOSE’s preparation to introduce ETF in 2013, in line with […]

Oct 9: Vietnam Gold Calm Down, Dollar Eases

Vietnam’s gold prices opened high then pared early gain, leaving VND48 million/tael threshold on profit taking. Hanoi SJC gold is quoted at VND47.68 million/tael for bid and VND47.82 million/tael for ask as of 11:00 Hanoi time, VND120,000/tael lower than today open. However, Thang Long gold, produced by Bao Tin Minh Chau company, is quoted at VND44.6 million/tael for bid and VND45.1million/tael for ask, unchanged for over a week. Domestic gold premium stayed at around VND3 million/tael, figure is calculated under the Vietcombank’s rate which was down VND10 today. Local gold prices hit 14 month…

Gold ETPs See Greatest Inflows In Third Quarter – ETF Securities

Assets under management in all commodity-based exchange-traded products rose to a record $207 billion in the third quarter globally, led by investors bought gold ETPs, said the head of research for a firm that provides ETPs. Based on inflows and price increases, assets in the third quarter rose by $31 billion, bringing the total assets […]

Oct 5: Vietnam Gold Finds New High, Profit Taking Seen

Vietnam’s gold prices soared to new high of VND48.4 million/tael threshold while domestic premium widened to VND3.1 million/tael, dollar stable. Hanoi SJC gold is quoted at VND48.26 million/tael for bid and VND48.4 million/tael for ask as of 11:30 Hanoi time. However, Thang Long gold, produced by Bao Tin Minh Chau company, is quoted at VND44.6 million/tael for bid and VND45.1million/tael for ask, unchanged for 4 days. Domestic gold premium was now at VND3.1 million/tael, figure is calculated under the Vietcombank’s rate which was unchanged today. Local gold prices continued to find new highs adding…

Gold Advances as Holdings in ETP Expand to Record After Stimulus

Gold rose for a second day as assets in exchange-traded products backed by the metal climbed to a record amid speculation that stimulus by the world’s central banks will boost demand for an inflation hedge. Spot gold gained as much as 0.3 percent to $1,783.45 an ounce and traded at $1,783.43 as of 2:47 p.m. […]

Vietnam Readies First ETFs

Vietnamese regulators have reportedly accepted exchange traded funds to launch on the local stock market, long after other foreign markets have traded them. Analysts believe that the release of these funds will bring value to the local Vietnamese stock market while mobilizing capital. “Yuta Seki from the Nomura Capital Market Research Institute said on Thoi bao Kinh te Vietnam that though he still has not made any detailed calculation about the impacts of ETF on the Vietnamese market, he still believes that ETF would bring added value and help develop the stock market in the future,” reports C…