Foreign investment funds now also ‘surfing’ | ||
13:42' 10/12/2009 (GMT+7) | ||
VietNamNet Bridge – Foreign investment funds, generally considered to be long term investors, have been observed making ‘surfing investments’ in
In two years, over 300 new foreign funds In the early part of this decade, the first years of Vietnam’s stock market, only a few investment funds were active in Vietnam, among them Vietnam Dragon Fund, VinaCapital and Mekong Capital. Because then there were only a few dozen companies listed on the bourse, it was easy to guess what the investment funds purchased and what they sold. A lot of domestic investors followed the funds’ lead, hoping for a bigger profit. As According to the Ministry of Finance, by November 2009, Foreign funds also dabble in short-term buys The investment strategies of new funds in The director of a well known foreign fund in Khong Van Minh, Director of the Jaccar Vietnam Fund, stresses that long term investment will remain the strategy of the fund. However, in order to get adapted to The 382 investment funds make different moves on the market. What they have in common is ample capital, which allows them to purchase shares continuously in many trading sessions and then sell shares in many trading sessions The managing director of the SAM Investment Fund says that “value investors” investors do not care if the market is rising or falling. They simply purchase shares when they find the prices reasonable. He says that a reasonable range for the VN Index now is 500-550 points. VietNamNet/DTCK |
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Saturday, 19 June 2010
Foreign Investment funds now also 'surfing' (Vietnam News)
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