HA NOI (VNS) — MB Capital Viet Nam Bond Fund (MBBF) raised over VND50 billion (US$2.4 million) from its first public offering of fund certificates, the company announced.
More than 150 investors contributed capital to the fund, three of whom are foreigners. The fund is preparing dossiers to apply for an operational licence from the State Securities Commission (SSC). Managed by the domestic company MB Capital and Japan's United Investments, MBBF is one of the first two open-end funds licensed by SSC to sell fund certificates to the public. Its portfolio focuses on bonds and valuable papers issued in Viet Nam. — VNS