At the press conference to launch the fund (Source: https://tinnhanh.dkn.tv)
This type of open-ended fund operates under the holding form, meaning that the company will hold shares of other firms.
The VEF, established under the consultation of VinaCapital Fund Management, will operate to maximise profits for investors by increasing the capital value and dividend yield from initial investments, such as with intellectual property assets of films and fixed assets.
Regarding the portfolio, representatives from the VEF said that the fund will diversify its operation fields to reduce risks and ensure investment objectives.
At the same time, with its flexible investment form, appropriate financial capacity, transparent information, and safety for investors, the VEF expects to attract the attention of businesses and investors.
The fund sets a minimum income plan of 8% per year and a maximum of 10.5% annum for the 2018-2019 period, and a minimum revenue of 10.5% for 2020-2022.
Other financial benefits for investors include the right to buy preferred stocks at the time of issuance, as well as stock value expecting to climb at least five times higher than the initial investment value after three years.
Shares in the VEF are hoped to be offered at the initial public offering (IPO) five years after its establishment.
Currently, the attractive profit opportunity in Vietnam’s entertainment industry is attributed to its average growth reaching 25% per year, with the average revenue of the film industry alone reaching VND2.3 trillion (US$99.2 million) per year.