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VPBankS to distribute SSI Asset Management mutual funds
VPBank Securities Joint Stock Company (VPBankS) will distribute mutual funds managed by SSI Asset Management Company Limited following an agreement they signed on December 9.
Nguyễn Ngọc Anh, CEO of SSIAM, and Vũ Hữu Điền, chairman of VPBank Securities, at the siging ceremony in Hà Nội on Monday. — Photo courtesy of SSI
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Nguyễn Ngọc Anh, CEO of SSIAM, and Vũ Hữu Điền, chairman of VPBank Securities, at the siging ceremony in Hà Nội on Monday. — Photo courtesy of SSI
HÀ NỘI — VPBank Securities Joint Stock Company (VPBankS) will distribute mutual funds managed by SSI Asset Management Company Limited following an agreement they signed early this week.
Customers of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and VPBankS can trade funds managed by SSIAM on VPBankS's NEO Invest platform.
They include the SSI Sustainable Competitive Advantage Fund (SSI-SCA), the Vietnam Long-Term Growth Fund (VLGF) and the SSI Bond Investment Fund (SSIBF).
The funds have garnered strong interest from both domestic and international investors due to their outstanding performance.
SSI-SCA and VLGF recorded growth of 30 per cent and 26 per cent in the first 11 months of the year, far exceeding the VNIndex's 11 per cent growth.
SSIBF, a short-term bond fund, achieved a yield of 5 per cent per annum for a three-month term, significantly outperforming bank deposit rates.
Speaking at the signing ceremony, Nguyễn Ngọc Anh, CEO of SSIAM, said her company’s comprehensive investment product ecosystem with proven effectiveness over the years combined with VPBank Securities' technological dynamism and the strong support of VPBank's ecosystem, would create a powerful synergy, enabling millions of investors to access optimal investment products.
Vũ Hữu Điền, chairman of VPBank Securities, said the strategic partnership demonstrates VPBankS's commitment to providing comprehensive financial solutions, optimising the investment experience and enhancing value for customers.
Interest in mutual funds is rapidly increasing among investors in Việt Nam.
According to insight by McKinsey, the personal financial assets (PFA) market of Việt Nam is projected to reach US$600 million by 2027 after growing at an annual rate of 11 per cent, making the country one of the two fastest growing PFA markets in the region alongside Thailand.
As of September, the Vietnam Securities Depository and Clearing Corporation reported there were 1.62 million mutual fund trading accounts, a 26 per cent increase during the year.
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