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Fund Information
SSIAM VNX50 ETF
14,864.26
74.61
(0.50%)
Updated at
24/03/2023
| General information | |
|---|---|
| Ticker | FUESSV50 |
| Bloomberg Ticker | FUESSV50 VN Equity |
| Inception Date | 10/12/2014 |
| Management Fee | 0.65%/year |
| Benchmark Index | VNX50 Index |
| Net Assets | |
|---|---|
| Net Asset Value | 130,805,505,942 VND |
| NAV/Unit | 14,864.26 VND |
| +/- daily NAV change | 0.50% |
| +/- year to date | 3.47% |
| Number of total outstanding fund certificates | 8,800,000 |
| Fund Indicators | |
|---|---|
| Number of Holdings | 50 |
| P/E Ratio | 10.87x |
| P/B Ratio | 1.56x |
| Tracking Error | 0.24% |
GENERAL INFORMATION
FUND TYPE
SSIAM VNX50 ETF is an exchange traded fund, catered to domestic and foreign individual and institutional investor.
BENCHMARK INDEX – VNX50 Index
VNX50 index (VNX50) is a price index that includes 50 stocks listed on the Hanoi Stock Exchange (HNX) Ho Chi Minh City Stock Exchange (HOSE). The VNX50 index includes the top 50 companies with capitalizaion,liquidity and free transfer ration in the VNX Allshare basket. The maximum capitalization rate for each stock in the VNX50 Index is 10%. The base date of the VNX50 Index is 21st July 2017 with the base score being the closing index value of VNX Allshare on 21st July 2017.
The index is reviewed and adjusted every 6 months.
The VNX50 Index represents 75% of the capitalization of Vietnam’s stock market.
INVESTMENT OBJECTIVES & STRATEGY
The investment objective of SSIAM VNX50 ETF is to replicate as closely as possible the performance of VNX50 Index in all periods.
The Fund adopts a passive investment strategy. The Fund does not actively seek higher return than the Tracking Index, nor does it use defensive measures when the stock market fluctuates adversely.
With passive investing, the Fund is able to maintain a lower turnover ratio than other funds with an active investment strategy, thereby reducing operational costs of the Fund.
The Fund's investment methodology is whole simulation method.
With this method, the Fund will invest in all or almost all of the stocks in the VNX50 basket according to the proportion of the stocks in the VNX50 basket. When the Tracking Index changes at periodic or unusual review periods, the Fund shall adjust the portfolio and weight corresponding to the changes in VNX50 Index.
Custodian and Supervisory Bank
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) – Ha Thanh branch
Transfer agent
Vietnam Securities Depository (VSD)
Auditor
Ernst & Young Vietnam Limited
Authorized participants
SSI, VCBS, BVSC, VNDS, VCSC
Ms. Tran Thi Thanh Y
Chairman, Independent Member
Mr. Nguyen Thanh Phuong
Independent Member
Mr. Nguyen Khac Hai
Member
Mr. Nguyen Ky Minh
Portfolio Manager
Mr. Nguyen Trong Hung
Investment Officer
