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VN VALUE

 

VALUE INVESTING

VN Value is a form of investors entrusting money to experts to perform investment management according to a strategy aimed at the stocks of companies with solid fundamentals, sustainable competitive advantages, having the opportunity to increase stock value in the long term and the opportunity to generate stable cash flow annually from dividends for Investors.

WHO ARE SUITABLE FOR VN VALUE?

  • Investors have idle money from 20 million VND, want to invest but do not have time to follow the market.
  • Investors want a safe form of investment, equivalent or greater yield than savings.
  • Investors have a specific financial goals such as paying tuition fees, buying a car, buying a house… in an investment term from 3-5 years.
  • Investors want to have professional investment management follow investment discipline, with stable and attractive profits.

OBJECTIVES AND INVESTMENT STRATEGIES

Invest in stocks with solid fundamentals, sustainable competitive advantages having the opportunity to increase stock value in the long term, and at the same time having the opportunity to generate stable cash flow annually from dividends for Investors. VN VALUE’s value investing philosophy focuses on finding and pursuing excellent companies in sustainably creating value for the market with superior products, thereby sustainably creating value for shareholders. VN VALUE searches for a reasonable investment point based on a valuation model so that the value investment process is always optimized and investors’ assets protected against market fluctuations.

ADVANTAGES FROM VNDAF OPEN-ENDED FUND

OPPORTUNITIES SHARING

We share investment opportunities and experience from a team of experienced professionals with investors of VN VALUE.

LONG TERM VALUE INVESMENT STRATEGY

A value investment strategy delivers sustainable returns in the long run. Long-term investment in excellent value businesses, without worrying about investment timing or market movements.

PROFESSIONAL MANAGEMENT TEAM

Professional investment management team, with proven investment record, ensuring compliance with investment procedure and strict risk management.

EASY TO PARTICIPATE

Invest from only 20 million VND in a portfolio of value stocks. Investment term is more than 3 years.

FEATURES OF THE PRODCUT

VNDIRECT’s commitment Commit to investing in VN VALUE products with a capital greater than the customer’s investment
Trust term Minimum: 36 months
Minimum investment value From VND 20 million to tens of billion, more diverse payment, flexible time
Fees Transaction fee: Free
Management fee: 1.5% / year
Early Termination Fee: 2%
(Apply if withdrawing before maturity within the first 24 months – Help customers get the best benefits from long-term investment strategy)

INVESTMENT STRATEGY OF VN VALUE

1. STOCK SELECTION

  • Analyst and Investment Management team search, analyze and recommend stocks according to 4M Criterion
  • Investment assets: Listed stocks

2. INVESTMENT APPROVAL

The Investment Council (IC) approves the proposal of stocks under the 4M Criterion.

  • Meaning (Business Understanding)
  • Moat (Competitive Advantage)
  • Management (Business management/ Corporate governance)
  • Margin-of-Safety (Stock valuation)

3. INVESTMENT IMPLEMENTATION

  • Investment decisions are made for investment opportunities with low risk and optimal return potential.
  • Asset allocation: up to 20% of NAV (net asset value) for one stock.

4. INVESTMENT PORTFOLIO ADJUSTMENT REVIEW

  • Analysis and Investment Management continuously update and review the business performance of companies in order to control the investment process according to the set plan.
  • Propose alternative investment opportunities
  • The Investment Council and Risk Management continuously evaluates according to the Compliance Procedure

PROCEDURES FOR INVESTMENT IN VALUE VN
1. SIGNING CONTRACT WITH VN VALUE

Authorization contract for investment (2 copies)
Securities account management certification (2 copies)
Information to be provided: Individual investors need to provide ID card, bank account information to withdraw money.

2. TRANSFER OF INVESTMENT CAPITAL

Nhà đầu tư thông báo quản trị VN VALUE bằng email về việc chuyển vốn đầu tư và thực hiện chuyển tiền vào tài khoản nhận ủy quyền đầu tư.
Investor notifies the administrator of VN VALUE by email regarding the transfer of investment capital and transfers the money to the Investment Authorization Account.

3. INVESTMENT MONITORING PROCESS

Investors are provided with username and password to access investment authorization accounts on iVND platform at https://dma.ivnd.com.vn/login
Join the VN VALUE community on the Stockbook
https://stockbook.vn/tu-van-chung-khoan/vn-value/trang-chu

4. EARLY WITHDRAWAL (IF ANY)

Investors notify the plan of capital withdrawal before 05 working days.
Investor signs the Appendix requesting the capital withdrawal.
The withdrawal will be transferred to the investor’s bank account.

5. TERMINATION OF CONTRACT

Investors need to notify the plan of capital withdrawal before 05 working days.
Investors need to sign the paper of Contract Liquidation và request to terminate account management.

All capital and interest, after deducting fees, will be transferred to the bank account of the investor.

INSTRUCTIONS FOR TRADING

Investors can register through a Care Specialist
Or go to the nearest branch for direct support at the exchanges

FAQs ABOUT VN VALUE

 How long does an open-ended fund operate?
Open-ended fund in terms of duration – no fixed term
What does the fund invest in, what is the stock/bond/cash ratio, is the fund investment risky?
VNDBF profit comes from:

– Bond yields, interest rates of certificates of deposit, deposits and other fixed income assets

The expected return of the bond fund is from 7-8%/year
Where does the fund’s profits come from?
The profit of VNDBF is usually higher than bank deposits with the same tenor because the Bond Fund invests in financial assets with higher returns. However, Bond Fund invests in listed bonds that have value based on the demand & supply of the market. Therefore, in the short term, the value of listed bonds may have small changes.
Is the return on an open-ended fund always higher than the saving interest rates?
Open-ended funds aim to achieve long-term returns higher than the interest rates of bank deposits. Bank deposits have guaranteed interest rates so profits are limited. Open-ended funds profit from capital growth and income from investments, so there is no limit to profits. However, in the short term, the fund may have higher or lower returns than bank deposits.
Do open-ended funds guarantee profits? What should I do if the fund is at a loss?
Stock open-ended funds do not guarantee a profit rate (according to the law). The NAV price of fund certificates may fall below the value purchased by investors due to market fluctuations. However, since investing in funds is an investment to get high returns over the long term, the secret to accepting market volatility is to focus on long-term results rather than day-to-day changes.
Liquidity of open-ended funds compared to other investment channels?
The VNDAF open-ended fund has HIGHER liquidity than other investment channels. Fund investors can withdraw part or all of the investment easily and quickly by selling fund certificates to IPAAM at any time. IPAAM is responsible for buying back all fund certificates at the fair price at the time of sale minus selling fees (if any).
How to calculate NAV of open-ended funds?
Fund certificate price = (Total Market Value of Fund’s Assets – Total Debt of Fund)/ Total number of Fund Certificates in circulation.
How transparent is the fund? Is there a risk of losing money?
-All funds and assets of the fund are kept in the fund account in the Depository Bank, BIDV. The equity value is calculated independently and objectively by the Fund Management Department of BIDV.

-Report on the net asset value of the fund and value of fund certificates is published on the trading day on the website of the fund management company: http://ipaam.com.vn; report to the SSC and post it on the SSC website.

-Payment transactions to buy fund certificates of customers are deposited directly into the fund account at BIDV. When the customer sells the certificate, the money from the sale of the certificate is transferred directly from the fund account at BIDV to the bank account that the customer has registered to receive money. Thus, there is no cash transaction from the fund’s account with VNDirect/IPAAM employees, no risks can occur.
Is there a certificate of ownership of fund certificates? If there is no certificate, how to certify the customer’s ownership if there is a complaint?
-The value of NAV/Fund Certificate changes constantly, so the investment value of customers also changes weekly, so there is no “Certificate” for the customer because the Fund Certificate can only confirm the amount customer’s fund certificates at a time. The value of NAV/Fund Certificate is constantly changing, so the certificate is not worth much.

-In case of customer request, the Fund Management Company is willing to provide Fund Certificate Account Statement at the time of customer request (such as the Bank providing the Client’s Account Statement).

-All customer transactions: money is transferred to BIDV, matched orders are confirmed by Vietnam Depository Center (VSD), so there is complete evidence of customer transactions confirmed and provided by third parties. Therefore, it is possible to provide sufficient evidence to customers when customers have needs.
Does the fund pay an annual dividend? What is the dividend rate?
Open-ended funds use money to invest, so there is usually no annual dividend policy, but the fund’s profits will be continuously reinvested and profitable for customers. In case the customer wishes to receive the profit of the fund when the price has growth, the customer will sell a part of the fund certificate to realize the profit of the fund certificate. If the fund cannot find effective investment opportunities and change the policy, decide to pay dividends, when the decision is made, we will promptly notify the Customer.
I am also investing in fund certificates of foreign funds, the returns are generally higher, so what’s better for me if I invest in domestic funds?
Many foreign investors and foreign funds invest in Vietnam’s stock market, especially in recent years, proving the attraction and potential of the market. You can choose to invest a moderate amount of money in VNDBF fund certificates to diversify the investment portfolio, minimize risks, and have a clear comparison of the investment efficiency between two funds.
How long should I invest in an open-ended fund to get the best return?
According to statistics, open-ended funds provide high returns in the long run, higher than savings interest rates and bond investment rates. Therefore, an open-ended fund can provide a higher return when you invest for the long term. However, the length of time it takes to invest in a fund depends on your own financial goals and the amount of money you intend to invest. We recommend the fund investment period should be 5 years or more.
Does the customer have to keep certain amount of money (or fund certificates) to maintain the account? Is it possible to sell all the fund certificates in the account?
The VNDBF does not require a Minimum Balance to maintain an account. In case the Customer sells all of the fund certificates, the Customer is deemed to close the fund certificate account. When the Customer needs to re-invest in fund certificates, the distribution agent will reactivate the account.
When should I start investing in open-ended funds?
Investment returns from open-ended funds come from the growth of the stock market through the power of compound interest and investment duration. Therefore, you should invest in open-ended funds as soon as possible and as soon as you have determined your financial goals. Delaying investing only increases your burdens and makes achieving your financial goals more difficult.