The VCBF Tactical Balanced Fund will invest in a mix of equity and debt securities, has flexibility in its asset allocation and can take either defensive or aggressive postures depending on investment opportunities available at various points in time.
“The current low interest rate environment, coupled with the growth-oriented economic policies initiated by the Vietnamese government, have created an extremely favourable investment environment for the fund,” said Avinash Satwalekar, chief executive and chief investment officer of VCBF.
Investors can invest in the fund with a minimum sum of VND5m and subsequent subscription of VND1m. Subscriptions to the balanced fund are open from October 14 until November 29.
Established in 2005, Vietcombank holds 51% stake in the fund while the rest is owned by Franklin Templeton Investments. Vietcombank is the fourth largest banking group in Vietnam in terms of total assets.
Franklin Templeton first announced its intention to launch a series of mutual funds with VCBF in November 2011. At the time the company was waiting for a regulatory framework to be introduced which would allow the sale of mutual funds in the country. Click here to the story
