Vietnam's first balanced open-ended fund set for launch

Vietcombank Fund Management, partly owned by the US’s Franklin Templeton Investments, will soon launch a balanced open-ended mutual fund, the first of its kind in Vietnam. The VCBF Tactical Balanced Fund marks a significant development in the country’s financial sector. Regulators have been discussing introducing open-ended funds for years, but plans were sidelined following the 2008/2009 financial crisis. Volatility, coupled with a lack of liquidity in the country’s closed-end …