Products and Service > VFA > IntroductionVFA - Vietnam Active FundVFA - Vietnam Active Investment Fund is the third close-ended fund and is also the first short term fund at VFM. VFA Fund differs from other listed funds where it obtains scientific tools and active trading method in its investment strategies to achieve an efficient return. VFA
has successfully raised its chartered capital from domestic and international
individuals, institutional with the size of VND240,437,600,000 and closed at the beginning
of February 2010. VFA has been listed at Ho Chi Minh Stock Exchange since August
2010. VFA is targeted to grasp the golden opportunities after the crisis. The main objective of VFA would be to capture medium to long-term capital appreciation on Vietnam market, accompanied by capital preservation during adverse market conditions, based on the main strategy of trend-following which is one of Quantitative Investment Models. Moreover, VFA attains an effective dividend policy which pays at least 50% of
its realized profit to investors every year. VFA Investment Fund employs Quantitative Investment model (Quant model) for its investment strategies in Vietnams Stock Market where Quant model is a perfect combination of fundamental, technical and statistical analysis. Quant model utilizes intelligent mathematical algorithm to analyze data through an advanced computer tools in searching for investment opportunities in the stock market and identifying buy/sell indicators in order to construct a suitable asset allocation procedure. Quant model uses advanced computer tools to process a huge volume of information at one time which is not governed by human mentality in investment decisions. Fund information
| | Issuing organization | VIETNAM ACTIVE FUND (VFA) | | Abbreviation | VFA | | Form of the fund | Public closed-end fund | | Initial capital mobilization | 240,437,600,000 Vietnamese Dong | | Par value | 10,000/fund unit | | Issuing Price | VND 10,300/fund unit | | Minimum subscription quantity | 2,000 fund units | | Term of the Fund | 5 years | | Custodian Bank | Far East National Bank, HCMC Branch | | Auditing company | Ernst&Young Co., Ltd. or KPMG Co., Ltd.
or PricewaterhouseCoopers (PWC) | | Law advisory firm | Vietnam International Law Firm (VILAF) | | Dividend | Distribute at least 50% of its realized profit to investors every year | Fund fee
| - Management fee: 2%/NAV/year
- Annual custodian & deposit fee As in the Custodian Contract
- Incentive fee
*Detailed in Fund Charter | | Fund licenses | | License of issuing fund units | License no. 05/UBCK-GCN dated December 12th, 2009 by State Securities Commission | | License of fund operation | License no. 14/UBCK-GCN dated April 02nd, 2010 by State Securities Commission | | License of listing fund units | License no. 142/QĐ-SGDHCM dated July 09th, 2010 by HOSE |
In order to know more about the fund raising process of the VFA Investment Fund, please contact us by email at marketing@vinafund.com, and phone number at 08 3825 1488 | 
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