Illustrative photo. (Source: VNA)HCM City (VNA) – Exchange-traded fund (ETF) SSIAM VN30 on August 18 officiallylisted 5.6 million shares, worth 56 billion VND (2.4 million USD), on the Ho ChiMinh City Stock Exchange (HOSE).
The SSIAM VN30is the third ETF managed by SSI Asset Management Co., Ltd. (SSIAM) whichoperates the fund along with founders SSI Securities Corporation, Mirae AssetSecurities (Vietnam), and BIDV Securities.
The fund isopen-ended and passively replicates the performance of the VN30-Index, whichcontains the 30 largest stocks by market value and liquidity on HOSE.
According toSSIAM, the 30 stocks in the VN30 basket account for 73.4 percent of totalmarket capitalisation. Those stocks are also leading companies in theirsectors.
SSIAM launchedthe IPO for the fund from June 1 to 26. The initial value of the fund wasestimated at at least 50 billion VND.
This is thesecond ETF to track the VN30-Index. The first is the VFMVN30 ETF managed byVietFund Management (VFM) with a total value of 6 trillion VND.
SSIAM VN30 ETFhas a total expense ratio of 0.75-0.8 percent, the lowest in the market./.
VNA
