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1900545471

Fund Information

SSIAM VNX50 ETF
11,511.67
52.13 (0.45%) Updated at 05/07/2020
Prospectus Factsheet Invest now
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 comprises of 50 listed stocks in both Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange. The index consists of 50 top ranking stocks in terms of market capitalization, liquidity and free float ratio in the VNX Allshare basket of stocks. Index constituents’ weight are capped at 10% within the index. The base date of VNX50 Index is July 21st, 2017 with base Index value of closing value of VNX Allshare as of July 21st, 2017.

 

The index is reviewed every 6 months.

VNX50 represents 75% of the Vietnam total market capitalization.

INVESTMENT OBJECTIVES & STRATEGY

The objective of SSIAM VNX50 ETF is to replicate the performance of VNX50 Index in all periods.
 
The Fund shall adopt the passive investment strategy with the objective to replicate the performance of VNX50 index portfolio. The Fund does not actively seek opportunities to outperform the Benchmark Index, nor use defensive measures when the stock market fluctuates unfavorably.
With the passive investment strategy, the Fund can maintain a lower portfolio turnover ratio than funds with active investment strategies, thereby reducing operating costs for the Fund. 

FULL REPLICATION APPROACH

With this approach, the Fund will invest in all or nearly all the stocks in the VNX50 basket, in proportion to weight of the stocks in the VNX50 index. When the basket of securities of VNX50 index changes, SSIAM VNX50 ETF shall adjust the Fund’s 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
Ms. Tran Thi Thanh Y
Chairman, Independent Member
Mr. Nguyen Thanh Phuong
Independent Member
Mr. Nguyen Khac Hai
Member
Mr. Nguyen Minh Hanh
Portfolio Manager
Mr. Nguyen Ba Huy
Associate Portfolio Manager

Prior to making investment decisions, Investor should thoroughly read and understand the Fund Prospectus, Fund Charter and other related documents, consider any risks associated with investing in the fund and transaction fees to which Investor is liable.

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