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Fund earns $3.36m through IPO

Update: December, 21/2013 - 10:10

HA NOI (VNS) — Bao Viet Equity Dynamic Open Ended Fund (BVFED), managed by the Bao Viet Fund Management Company, raised VND71.3 billion (US$3.36 million) through its IPO on Wednesday.

The IPO, which was higher than its expectation, attracted 140 individual and organisational investors, including foreign companies.

The fund is expected to run from the beginning of next year, with Bao Viet Securities Co (BVS) being the distributor for fund certificates.— VNS

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