HOW TO INVEST

Portfolio Investment

  1. PHFM negotiates and signs a Portfolio Management Contract with the Investor.
  2. PHFM opens a depository account at Custodian Bank.
  3. The Investor transfers money to the depository account.
  4. PHFM manages the investment and sends regular reports to the Investors.
  5. Before the Contract expires, PHFM sells the portfolio for the Investor.
  6. The Investor receives money from Custodian Bank and the Contract is liquidated.  

Please CONTACT US to get insightful guidance on how to invest and how we can help you manage your wealth.

General information

Fund name PHU HUNG VIETNAM SELECT INVESTMENT FUND
Fund code PHVSF
Type of Fund Open-ended fund
Fund Management Company Phu Hung Fund Management JSC. (PHFM)
Investment Market Vietnam
Custodian Bank Bank for Investment and Development of Vietnam JSC (BIDV)
Transfer Agent Vietnam Securities Depository
Trading Day (T Day) Every Thursday
Cut-off time 14:30 on Wednesday (T-1 Day)
Redemption payment date T+5

Trading fees

Minimum investment VND 1,000,000/ transaction
Subscription fee – 0.5% subscription amount if < VND 2 billion
– 0.3% subscription amount if ≥ VND 2 billion
Redemption fee Calculated for each investment, according to FIFO
– Less than 12 months: 1.5% redemption amount
– From 12 months to less than 24 months: 0.5% redemption amount
– From 24 months or more: 0% redemption amount
Personal Income Tax 0.1% Redemption amount
Management fee 1.5% NAV/ year

INVESTMENT OBJECTIVES

To combine high growth with attractive valuations and deliver consistent risk-adjusted returns primarily through investment in equity and equity related securities of Vietnamese companies.

WHY INVESTING IN PHVSF

  • The Fund offers an efficient way to gain exposure to the fast-growing equity market.
  • Investing a managed and diversified portfolio is relatively safe and less time-consuming for clients, in comparison with investing in single stock.

INVESTMENT STRATEGY

  • The Fund will allocate assets into two types of position. 1) Long-term core holdings: We seek to invest in companies with long-term sustainable competitive advantages which includes cost advantage, customer switching cost, efficient scale, intangible asset and network effect. 2) Tactical satellite positions: We also invest in companies benefit from secular trends/companies with attractive valuations/companies with high earnings qualities.
  • In addition to stock selections (bottom up analysis) that most traditional asset managers focus, we also emphasize top-down analysis, portfolio construction, and risk management. Quantitative techniques will be utilized throughout the whole investment process.
Risk Meter

Trading Procedure

Account opening

  • Complete the application form: which are listed on this website and available at here.
  • Provide documents: Investors provide and send the documents to Fund’s distributors, detail as below (*).
  • Receive notification about account number via email/SMS.

(*) Required documents:

For Individual Investors

  1. Original Account Opening Application Form.
  2. Notarized Authorization Contract or Power of Attorney certified by the local government (for the case that the Investor has a legal proxy).
  3. Certified copy of ID Card/Passport of investor and authorized person (if applicable).
  4. Certified copy of the Bank confirmation on opening the Indirect Capital Contributed Account (ICCA) (for foreign Investors only).
  5. Certified copy of Confirmation of Securities Trading Code (STC) from Vietnam Securities Depository Center (for foreign Investors only).
  6. FATCA and AML-related documents.

For Institutional Investors

  1. Original Account Opening Application Form.
  2. Original or Certified copy of Power of Attorney designating participant to sign and transact on accounts at Distribution Agents.
  3. Certified copy of Business Registration Certificate/Enterprise Registration Certificate/License of Establishment and Operation and its amendments (if applicable).
  4. Certified copy of Seal Sample Registration or certified copy of Notice to Business Registration Office about the seal registration.
  5. Additional Information of Institutional Investor Form.
  6. Certified copy of ID Card/Passport of Legal Representative
  7. Certified copy of ID Card/Passport of Authorized Person (if applicable).
  8. Certified copy of the Bank confirmation on opening the Indirect Capital Contributed Account (ICCA) (for foreign Investors only).
  9. Certified copy Confirmation of Securities Trading Code (STC) from Vietnam Securities Depository Center (VSD) (for foreign Investors only).
  10. FATCA and AML related documents.

Place order

  • Complete the Subscription/ Redemption Order(s): Investors complete the Subscription/ Redemption Order(s) Form which are listed on this website and available at here.
  • Send Original Form to Distributor: Investors after complete the Form, Investors send Original of Subscription/ Redemption Order(s) Form before 14:30 on Wednesday (T-1 Day) for the Trading Day (T Day) of that week.
  • Receive confirmation of Subscription/ Redemption Order(s) before Trading Day (T-1 Day) via email/SMS.

Money transfer

  • Transfer information: All payments are made in Vietnam Dong and by direct transfer to the Fund’s account at Custodian Bank before 14:30 on Wednesday (T-1 Day) for the Trading Day (T Day) of that week.
    Beneficiary name : PHU HUNG VIETNAM SELECT INVESTMENT FUND
    Account number : 11910000605250
    Bank name : Bank for Investment and Development of Vietnam JSC (BIDV)
    Branch : Nam Ky Khoi Nghia
    Description : [Trading account number]_[Full Name of the Investor]_[Subscribe PHVSF Fund Certificates]
  • Receive notification of money status on Trading Day (T Day) via email/SMS.

Open-ended fund distributors

Investors contact the Fund’s Distributor for account opening and placing orders instructions.
List of distributors will be updated regularly on www.phfm.vn

Investor support channel

  • Unit 4, 21st Floor, Phu My Hung Tower, No.8 Hoang Van Thai Street, Quarter 1, Tan Phu Ward, District 7, Ho Chi Minh City
  • (+84 28) 5413 7991
  • cskh@phfm.vn
  • www.phfm.vn