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VietNamNews

Foreign fund plans to invest more in Viet Nam

Update: May, 04/2013 - 09:14
HA NOI (VNS)— Mutual Fund Elite, an Asian-oriented fund belonging to Finnish PYN Fund Management, plans to increase its investment in the Vietnamese market.

Its activities in Viet Nam currently account for 29 per cent of its portfolios.

The fund includes large shareholders of small – and medium-sized businesses such as Truong Thanh Furniture (TTF), Ha Noi Educational Book (EBS), Phuong Nam Education Investment and Development (SED), Tay Ninh Cable Car Tour (TCT) and Khang Dien House (KDH).

It also purchased 1.5 million shares of Phu My Fertiliser (DPM) worth VND60 billion (US$2.8 million).

The fund also holds 4.4 million fund certificates for VinaCapital's Viet Nam Opportunity Fund – its largest investment in Viet Nam.-VNS


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