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VietNamNews

ACB Growth Fund avoids securities investments

Update: June, 09/2012 - 07:21

HA NOI — ACB Growth Fund (ACBGF), under the management of ACB Capital Management Co Ltd, reported at the end of May that its total capital was kept in the form of over 90-day deposits and it has made no disbursements to buy bonds or stocks since the establishment on June 30, 2011.

The fund's initial capital was VND240 billion (US$11.4 million) and by May's end, its net asset value reached VND272 billion ($13 million), including the interests paid on its deposits worth VND8.6 billion ($410,000).

Net asset value per fund certificate was VND11,333 ($0.54), up slightly from VND11,207 ($0.53) in the previous period.-VNS

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