Threaded View
-
08-06-2017 10:56 AM #1
Gold Member- Ngày tham gia
- Dec 2011
- Bài viết
- 1,682
- Được cám ơn 23 lần trong 23 bài gởi
Viet Dragon Securities becomes market maker for local ETF
Vietnam’s first exchange-traded fund VFMVN30 now counts Viet Dragon Securities as its second market maker.
Market makers, usually a brokerage firm, provide purchase and sale solutions for investors in order to keep the exchange-traded fund (ETF) liquid. They can add to or withdraw from the supply of units by trading directly with the ETF issuer, usually in large volumes. Market makers thus assume the risk of holding a large amount of ETF units in order to facilitate market trading for the ETF. The appointment of Viet Dragon Securities as VFMVN30’s second market maker, similarly, is aimed to boost the liquidity of the ETF.
Managed by Viet Fund Management since 2014, VFMVN30 tracks the movements of the VN30 Index, which includes the top 30 stocks on the Ho Chi Minh City Stock Exchange in terms of liquidity, market capitalisation, and free-float percentage.
Luong Thi My Hanh, chief investment officer at Viet Fund Management, said that ETFs rely heavily on the reputation and technical know-how of market makers, who ensure efficient liquidity and maximise the trading capabilities of the fund.
“We are delighted that Rong Viet Securities is now our second market maker, amidst significant liquidity increases and foreign inflows to the Vietnamese capital markets,” said Hanh.
The CIO expressed hopes that VFMVN30 ETF will become increasingly attractive to global investors, who look to benefit from the next stage of the Vietnamese growth story.
Marc Djandji, head of Institutional Sales at Rong Viet Securities, said that the brokerage looks forward to providing better access and liquidity for the ETF.
“This cooperation will undoubtedly expand our product capabilities. We intend to provide benefits to our investors with our well-established brokerage capabilities,” said Djandji.
Rong Viet Securities is listed on the Hanoi Stock Exchange, with a market capitalisation of $30 million.
Thông tin của chủ đề
Users Browsing this Thread
Có 1 thành viên đang xem chủ đề này. (0 thành viên và 1 khách vãng lai)
Similar Threads
-
FLC: Market Vectors ETF Trust - Market Vectors - Vietnam ETF trở thành cổ đông lớn
By tintucsukien in forum Thảo luận Tình hìnhTrả lời: 1Bài viết cuối: 03-03-2015, 04:04 PM -
E1VFVN30: Nhóm cổ đông Dragon Capital đã mua thỏa thuận 7 triệu ccq ETF
By tintucsukien in forum Thảo luận Tình hìnhTrả lời: 1Bài viết cuối: 16-10-2014, 04:25 PM -
SHB: Market Vectors ETF Trust - Market Vectors Vietnam ETF không còn là cổ đông lớn
By Bull12 in forum Công ty chiến ở HNXTrả lời: 0Bài viết cuối: 27-03-2014, 02:44 PM -
Local market catches global cold
By kieudiemvje in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 14-06-2010, 04:19 PM -
Global plunge stalls local market market
By kieudiemvje in forum STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 10-05-2010, 11:00 AM
Bookmarks