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MoF to create 26 investment funds

Update: October, 09/2014 - 08:44
A total of 26 securities investment funds have been established since August. — Photo ndh
HA NOI (VNS)  — A total of 26 securities investment funds have been established since August, according to the Ministry of Finance (MoF).

The figure includes 15 open-ended funds, an exchange-traded fund, two close-ended funds and eight funds established as partnerships.

The MoF said more funds would be set up in the future as it continued the restructuring of fund management and securities companies, tightened their capital adequacy ratios, governed their investment activities and handled their links to commercial banks. — VNS


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