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Latest news about company activities, and changes to investment funds managed by SSIAM.
SSIAM and VPBankS to Distribute SSIAM Open-End Fund Products

The ceremony was attended by Mrs. Nguyễn Ngọc Anh, CEO of SSIAM; Mrs. Lê Thị Lệ Hằng, Chief Strategy Officer of SSI Securities; Mr. Nguyễn Chí Hiền, VPBank’s Deputy Director of Retail Banking; Mr. Vũ Hữu Điền, Chairman of VPBankS, and other leaders from the involved parties.

Currently, the demand for open-end fund certificates in Vietnam is rapidly increasing. McKinsey forecasts that by 2027, Vietnam’s personal financial advisory market will reach $600 billion, growing 11% annually, and will be one of the most developed asset management markets in the region, alongside Thailand.

As of September 2024, the Vietnam Securities Depository and Clearing Corporation (VSDC) reported 1.62 million open-end fund trading accounts, a 26% increase from 2023. While many investors still prefer bank deposits or self-investing, the ease of trading open-end funds and growing awareness have led to a surge in participation in professionally managed funds.

More importantly, open-end funds have become increasingly attractive to investors because of their exceptional performance. In the first 11 months of 2024, the SSI-SCA and VLGF equity funds grew by 30% and 26%, respectively— surpassing the 11% growth of the VNIndex.For the SSIBF short-term bond fund, the 3-month investment yield was 5.0% per year, outperforming bank deposit interest rates for the same term, making it an attractive option for short-term capital.

Explore more information about the partnership between SSIAM and VPBankS here:  https://vietnambiz.vn/ssiam-va-vpbanks-hop-tac-phat-trien-san-pham-quy-mo-den-voi-nha-dau-tu-20241210113259654.htm

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Published:

09/12/2024

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