The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.

Dragon Capital
Dragon Capital Vietfund Management (DCVFM) has launched Vietnam's first mid-cap equity exchange-traded fund.

The ETF tracks the VN Mid Cap Index, which captures performance of the Vietnamese mid-cap equity market.

“The rise in liquidity in the Vietnamese market – much of it driven by a growing local retail investor base – has improved the volume of trading in mid-caps, which is creating a new opportunity for investors,” Suu Vu, portfolio manager of DCVFM’s three ETFs, said. 

“However, companies in this sector, despite being some of the most exciting in Vietnam and often outperforming the main index and large caps, are often overlooked, and not covered by analysts,” he added. 

DCVFM said the VN Mid Cap Index delivered growth of 76 per cent in 2021 compared with 33 per cent for VN30 (Vietnam’s 30 largest listed companies). However, the Vietnamese mid-cap market “appears to be overlooked,” the firm said. Its analysis of five leading securities companies in Vietnam revealed that “only 13 out of 70 mid-cap companies had significant research coverage.”