ACB Growth Investment Fund debuts on HOSE on Tuesday - Photo: Courtesy of ACB

ACB Growth Investment Fund on Tuesday began trading over 24 million fund units on the Hochiminh Stock Exchange (HOSE) under the code of ASIAGF, the sixth public fund listed on the bourse.

The debut price was set at VND10,000 a unit with a trading band of +/-20% on the first trading day. The fund will primarily invest in stocks, bonds (government, local and corporate), deposit certificates at credit institutions, treasury bills and commercial papers with tenors less than one year.

Nguyen Minh Tuan, general director of ACB Funds Management One Member Co. Ltd. (ACBC), said in a statement released on Tuesday that the fund is suitable for medium- to long-term investors.

Established in 2008, ASIAGF is a close public fund under management of ACBC. The fund has total chartered capital of VND50 billion, providing products and asset management services in medium and large-scale investments for institutions and individuals.

The Saigon Times Daily