HCM CITY — Three listed funds under the management of VietFund Management (VFM) reported profits in the second quarter of this year, helping reduce their combined losses from nearly VND1.36 trillion ($64.7 million) from early this year to over VND1 trillion (US$47.8 million) by the end of June.
Vietnam Securities Investment Fund's (VFMVF1) profit in the first half reached VND253 billion ($12 million). Its total investment value rose VND100 billion from the first quarter to over VND1.44 trillion ($68.7 million) by the end of June, 98 per cent of which were invested in securities. Its net asset value (NAV) was VND15,520 ($0.74) with an discount rate of 45 per cent.
Second-quarter profits of Vietnam Blue-chips Fund (VFMVF4) and Vietnam Active Fund (VFMVFA) were VND95 billion ($4.5 million) and VND2 billion ($95,200), respectively. Investments of both funds focused on listed securities. NAV of both funds were VND5,100-5,300 with discount rates of 24-26 per cent.-VNS