Viet Nam News
HCM CITY – Investment and asset management company VinaCapital Group has tied up with Shinhan BNP Paribas Asset Management (Shinhan) to provide Vietnamese investment products to the latter’s clients in Korea.
The two companies will outline co-operation plans to set up funds to be invested in Vietnamese assets for Korean investors as well as introduce Shinhan’s products to the Vietnamese market.
VinaCapital’s first engagement with Shinhan is a delegated investment management mandate for one of Shinhan’s Korea-domiciled funds.
In addition, the two partners will work together to launch the VIP Equity Fund, which will invest in publicly-traded Vietnamese companies as well as in Indonesia and the Philippines.
The fund is expected to launch in September.
VinaCapital and Shinhan will also work together to develop a Vietnamese multi-asset fund for investment in equities, fixed income, real estate and other assets, leveraging the long-standing success of VinaCapital’s Vietnam Opportunity Fund.
Don Lam, VinaCapital CEO, said: “We are excited to work with Shinhan, one of Korea’s leading and well-respected financial service firms, and we look forward to offering their clients a way to access this and other dynamic markets in the region.” -VNS