Explore the list Top 10 largest investment funds in Vietnam update. Learn about the role, how to choose and Vietnam's largest investment funds.
What is an Investment Fund? Why Should You Care?
Before we dive into the specific list, we need to understand the basic concept.
- Define: An investment fund is an intermediary financial institution formed from the capital contributed by many different investors. This capital is managed by a professional fund management company, investing in diverse assets such as stocks, bonds, real estate, currencies, etc. for the purpose of making a profit.
- Fund management company: This is a specialized and experienced unit responsible for analyzing, making investment decisions and managing the fund's portfolio.
- Fund Certificate (CCQ): When contributing capital to the fund, investors will own Fund Certificates, representing their capital contribution and interests in the fund. The value of CCQ is determined based on the Net Asset Value (NAV) of the fund.
Why are investment funds attractive?
- Professionalization: You don't need to be a financial expert to invest effectively thanks to our professional fund management team.
- Diversification: With just a small amount of capital, you can own a diversified investment portfolio, which helps to spread risk better than investing in a few individual stocks.
- Easy access: Procedures for participating in investment funds are increasingly simple, suitable for individual investors who do not have much time to monitor the market.
- Liquidity: Many types of open-end funds allow investors to buy/sell CCQ relatively easily according to NAV on trading days.
- Transparent: The operations of investment funds are closely monitored by the State Securities Commission and independent supervisory organizations (custodian banks, auditing companies).
Explore the updated list of top 10 largest investment funds in Vietnam.
Criteria for Determining “The Largest Investment Fund”
The concept of “largest” can be understood in many ways. In this article, we will consider the following key factors to identify largest investment funds in Vietnam:
- Total Assets Under Management (AUM): This is the most common criterion, showing the size of capital that the fund or fund management company is managing. The larger the AUM, the more likely it is that investors will trust and the potential of the fund.
- Reputation and Experience: Long-standing fund management companies with extensive experience and good reputation in the market often manage large funds.
- Performance: Although size is not directly measured, funds with good, stable investment results over the long term tend to attract more capital and become larger.
- Level of impact: The largest investment funds in Vietnam often have a certain voice and influence on market trends.
Note: AUM figures are subject to change. The list below focuses on fund management companies and representative funds that are generally considered to be the leading in terms of scale and reputation in Vietnam as of recent times (based on reports and published information).
Top 10 Largest Investment Funds in Vietnam (Featured)
Below is a list of fund management companies and some typical funds that are often among the leading companies in the Vietnamese market in terms of scale and reputation. The order may not reflect the absolute accuracy of AUM at all times.
1. Dragon Capital Vietnam (DCVFM)
As one of the oldest and largest fund management companies in Vietnam, Dragon Capital manages a variety of funds.
- Typical funds: VFMVN30 ETF (simulating VN30 index), VFMVF1 (growth investment fund), VFMVFB (bond investment fund), DCDS (dynamic stock investment fund)...
- Characteristic: Extensive experience, international network, diverse portfolio from stocks, bonds to infrastructure. Top investment funds in Vietnam Dragon Capital is often indispensable.
2. VinaCapital Fund Management
Also a "big guy" in the industry, VinaCapital has a long history of operations and manages many funds with significant total assets.
- Typical funds: VinaCapital Opportunity Fund (VOF – closed-end fund listed in London), VinaWealth Equity Opportunity Fund (VEOF – open-end stock fund), VinaWealth Enhanced Fixed Income Fund (VFF – open-end bond fund), VinaCapital VN100 ETF…
- Characteristic: Focus on long-term investment opportunities in Vietnam, diversified portfolio including private equity and real estate.
3. VFM Fund Management Joint Stock Company (Vietfund Management)
Often closely associated with Dragon Capital in managing funds under the VFM brand. VFM is one of the pioneering domestic fund management companies.
- Typical funds: (Review Dragon Capital funds such as VFMVN30 ETF, VFMVF1, VFMVFB).
- Characteristic: Pioneer in introducing new fund products in Vietnam, especially ETFs.
4. SSI Fund Management Company Limited (SSIAM)
As a subsidiary of SSI Securities Corporation - one of the leading securities companies, SSIAM has great advantages in network and platform.
- Typical funds: SSI Sustainable Competitive Advantage Fund (SSI-SCA – open-end stock fund), SSI Bond Fund (SSIBF – open-end bond fund), ETF SSIAM VNFIN LEAD…
- Characteristic: Leveraging SSI's ecosystem, focusing on businesses with sustainable competitive advantages.
5. Eastspring Investments Vietnam Fund Management Company Limited
Part of Prudential plc (UK) financial group, Eastspring has the advantage of international standard management processes.
- Typical funds: Eastspring Investments Vietnam Equity Fund (ENF), Eastspring Investments Vietnam Bond Fund (EVF)…
- Characteristic: Apply global management standards, focusing on fundamental business analysis.
6. Mirae Asset Fund Management Company Limited (Vietnam)
A member of Mirae Asset Financial Group from Korea, bringing international experience and diversified products.
- Typical funds: Mirae Asset Vietnam Equity Fund (MAGEF), Mirae Asset Vietnam Bond Fund (MABF), Mirae Asset Vietnam Growth Equity Fund (MAGF)…
- Characteristic: Strength in network and experience from parent corporation, providing diverse investment solutions.
7. Vietcombank Securities Investment Fund Management Joint Venture Company (VCBF)
Joint venture between Vietcombank and Franklin Templeton Investments, combining domestic network advantages and international experience.
- Typical funds: VCBF Tactical Balanced Fund (VCBF-TBF), VCBF Blue Chip Fund (VCBF-BCF), VCBF Fixed Income Fund (VCBF-FIF)…
- Characteristic: Combining Vietcombank's reputation and Franklin Templeton's global fund management experience.
8. Techcom Capital Management Joint Stock Company (Techcom Capital – TCC)
As a subsidiary of Techcombank, TCC is growing rapidly with diverse fund products.
- Typical funds: Techcom Equity Fund (TCEF), Techcom Bond Fund (TCBF), Techcom Balanced Fund (TCFF)…
- Characteristic: Leveraging Techcombank's ecosystem and customer network, focusing on flexible investment solutions.
9. Bao Viet Fund Management Company Limited (Bao Viet Fund)
Belonging to Bao Viet Group, Bao Viet Fund has the advantage of being the leading insurance brand in Vietnam.
- Typical funds: Bao Viet Equity Fund (BVFED), Bao Viet Bond Fund (BVBF)…
- Characteristic: Focus on asset management for institutional and individual investors, leveraging the reputation of Bao Viet Group.
10. PVI Fund Management Joint Stock Company (PVI AM)
As a member of PVI Holdings (under Vietnam Oil and Gas Group), PVI AM is also a notable name in the industry.
- Typical funds: PVI Opportunity Investment Fund (POF), PVI Infrastructure Investment Fund (PIF)…
- Characteristic: Has strengths in investing in energy and infrastructure in addition to traditional stock and bond portfolios.
Disclaimer: This list is for reference only, based on published AUM size, reputation and popularity in the market. The location and size of funds may vary. Investors should carefully study the information of each fund before making a decision.
The Largest Investment Funds in Vietnam – Viewed from Many Perspectives
When talking about Vietnam's largest investment funds, not just AUM. We can look at it from other angles:
- Domestic Funds vs. Foreign-Invested Funds: Funds established by Vietnamese 100% fund management companies and funds with foreign capital participation (joint ventures or foreign 100%) such as Dragon Capital, VinaCapital, Eastspring, Mirae Asset, VCBF... are often large in scale thanks to experience and international capital.
- Public Fund vs. Member Fund: Public funds raise capital from a broad range of investors, while member funds are open to only a small number of investors (usually institutions or professional investors). Large public funds typically have higher AUM due to their large number of investors.
- Specialization: Some funds, while not the “largest” in terms of total AUM, are leaders in a particular segment (e.g., specialty ETFs, sector funds, etc.).
Understanding these perspectives helps investors have a more multi-dimensional view of the fund management market.
The Largest Investment Funds in Vietnam – Viewed from Many Perspectives
Top Vietnam Investment Funds By Asset Type
Top investment funds in Vietnam can be classified based on the investment strategy and main asset class the fund holds:
- Equity Funds: Invests primarily in listed stocks. The goal is to maximize profits from share price growth and dividends. Higher risk but also higher profit potential.
- For example: VFMVF1, SSI-SCA, VEOF, MAGEF, VCBF-BCF, TCEF, BVFED, POF.
- Bond Funds: Invest mainly in government bonds, government-guaranteed bonds, corporate bonds. The goal is to create stable income and preserve capital. Lower risk than stock funds.
- For example: VFMVFB, SSIBF, VFF, EVF, MABF, VCBF-FIF, TCBF, BVBF.
- Balanced Funds: Invest in both stocks and bonds with a certain proportion. The goal is to balance growth and stable income, with a moderate level of risk.
- For example: VCBF-TBF, TCFF.
- Money Market Funds: Invest in short-term, highly liquid, very low-risk money market instruments. (Less common as a private mutual fund in VN).
- Exchange Traded Funds (ETFs): Simulates a specific index (such as VN30, VN100, VNFIN LEAD...). Investors buy and sell CCQ ETF on the exchange like regular stocks.
- For example: VFMVN30 ETF, VinaCapital VN100 ETF, SSIAM VNFIN LEAD ETF, MAFM VN30 ETF.
Choosing the type of fund depends on your financial goals, investment time horizon and risk tolerance.
The Role of the Largest Investment Funds in Vietnam for the Market
The largest investment funds in Vietnam plays an important role in the development of capital markets:
- Effective capital management: Mobilizing idle capital from the public and organizations to invest in the economy through the stock market.
- Promote professionalism: Enhance market professionalism through analysis, systematic investment and transparent management.
- Increase liquidity: The buying and selling activities of large funds contribute to creating liquidity for the market, helping transactions take place more vibrantly.
- Market orientation: The views and actions of large funds often influence market sentiment and trends. Follow Market News and the movements of these funds are an important part of the analysis.
- New product development: Large fund management companies are often pioneers in researching and introducing new financial products, diversifying options for investors.
- Improving corporate governance: As major shareholders, investment funds can participate in governance activities, demanding transparency and efficiency from the businesses in which they invest.
The strong development of largest investment funds in Vietnam is a positive signal for the maturity of the country's financial market.
The Role of the Largest Investment Funds in Vietnam for the Market
Comparison With The Top 10 Largest Investment Funds In The World
To get a broader perspective, let's compare the size of Vietnamese funds with Top 10 largest investment funds in the world.
- Different scale: Top 10 largest investment funds in the world (usually pension funds, sovereign wealth funds, angel investment fund or giant asset management corporations such as BlackRock, Vanguard) manage assets worth up to trillions of USD. This number is much larger than the total AUM of the entire fund management industry in Vietnam.
- Investment scope: Global funds invest internationally, in a more complex range of assets. Vietnam funds focus primarily on the domestic market.
- Development history: The world fund management industry has a history of hundreds of years, while in Vietnam it has only really developed strongly in recent decades.
This comparison shows that the development potential of Vietnam's fund management industry is still very large when the economy and capital market continue to grow. Although the scale is still modest compared to the world, top investment funds in vietnam still plays an extremely important role in the country.
How to Choose the Top Investment Funds in Vietnam?
Choosing a fund in Top investment funds in Vietnam Don't rely on size alone. You need to consider the following factors:
- Determine financial goals: What are you investing for (buying a house, retirement, children's education)? What is your expected investment period?
- Risk appetite assessment: How much market volatility are you willing to accept? Do you prioritize capital preservation or profit maximization?
- Learn about the Fund Management Company:
- Reputation, experience, history of operation.
- Team of experts, investment philosophy.
- Transparency and quality of reporting.
- Investment Fund Analysis:
- Fund type: Stocks, bonds, balanced, ETFs?
- Investment strategy: Growth, value, dividend…? Specific portfolio (top holdings).
- Historical performance: Look at 1-year, 3-year, 5-year returns compared to benchmarks and peer funds. Note: Past performance does not guarantee future returns.
- Expense: Buying fees, selling fees, fund management fees. Lower costs will help optimize your profits.
- Fund size (NAV/CCQ): Funds that are too small can have liquidity problems, funds that are too large can sometimes lack flexibility.
- Trading frequency and liquidity: Open-end funds typically trade daily/weekly. ETFs trade continuously on exchanges.
Please read the Prospectus, Fund Charter and periodic reports carefully to have the most complete information before making a final decision.
Which Investment Fund Is Really the Largest in Vietnam? – A Difficult Question
So, finally Which is the largest investment fund in Vietnam?? As mentioned, the answer depends on the measurement criteria (AUM of the whole company or individual funds, fund type…) and the statistical period.
Rather than looking for a single name, it is more important to identify the group. Vietnam's largest investment funds in terms of overall scale and reputation, including companies such as Dragon Capital, VinaCapital, SSIAM, VCBF, Techcom Capital, Eastspring, Mirae Asset...
Just because a fund has the “largest” AUM does not mean it is the best choice for you. all investors. Suitability is the key factor.
Recommendations for Investors
- Research thoroughly: Don't invest just because you hear the name of a big fund or follow the crowd. Take your time to learn.
- Start with small capital: If you are new, start with a moderate amount of capital to get acquainted and experience.
- Systematic Investment Plan (SIP): Consider investing a fixed amount monthly/quarterly to average out your cost and minimize your timing risk.
- Diversification: Even when investing in funds, you can also consider diversifying by investing in different types of funds (stocks, bonds) or funds from different fund management companies.
- Patience and long-term vision: Investing in stocks through funds requires patience. The market can be volatile in the short term, but the long-term growth potential is significant.
Conclude
The Vietnamese investment fund market is growing, bringing many opportunities for investors. Identifying Top 10 largest investment funds in Vietnam good Vietnam's largest investment funds is an important first step to understanding the market. However, size isn’t everything. Choosing the right fund requires careful consideration of your personal goals, risk appetite, investment strategy, and fund expenses.
Hopefully this article has provided you with useful information and insight into Top 10 largest investment funds in VietnamRemember, investing is a long journey, and being well-informed is the key to success. For more in-depth and up-to-date analysis, visit HVA to make the most informed investment decisions.
