Which open-ended fund has high profits in the stock market?

According to statistics from Fmarket – a distribution platform of nearly 50 open funds of leading fund management companies in Vietnam – in the first 9 months of the year, the market recorded 18 stock funds achieving profits higher than the growth rate of the index. VN-Index, of which 12 funds achieved returns of over 20%.

Leading the way is VinaCapital’s VMEEF fund with a profit of 34.16% – 2.4 times higher than the average level of HoSE. This is a young fund when it was founded in May 2023, investing mainly in industries associated with urbanization trends, the rise of the middle class and the digital economy. According to Fmarket, focusing the portfolio on stocks of companies that directly benefit from long-term economic development motivation helps VMEEF operate effectively.

The next two positions are respectively products of SSI Fund Management Company. Specifically, SSI Sustainable Competitive Advantage Stock Investment Fund (SCA) achieved a profit of 31.21%. The fund advocates allocating heavily to mid-cap stocks with high growth potential.

Following closely behind is the Vietnam Long-Term Growth Fund (VLGF) with a profit of 28.89%. This is a dynamic stock fund, focusing more on industry-leading large-cap stocks with high liquidity. According to Fmarket, VMEEF, SSI-SCA and VLGF are three of the 50 open funds on this platform that have continuously achieved the best results recently.

In addition, the market also recorded 12 more funds with profits over 20%, higher than the performance of the VN-Index (13.98%). “The outstanding investment performance of open-ended funds has gradually affirmed the professionalism and portfolio management ability of fund management companies. Regardless of market conditions, the team of fund experts is always looking for see opportunities and be sensitive to changing strategies to optimize profits for investors,” Fmarket commented.

The stock market has just gone through 9 months of turmoil. The VN-Index started with an uptrend thanks to optimistic macro forecasts and signals, but soon shook sharply in April to below 1,200 points. After that, the market recorded the next uptrend, pulling the index to 1,300 points. Although liquidity was unstable and the VN-Index was somewhat “out of breath” in August, the market still recorded an accumulation of points in the last three months.

According to Rong Viet Securities (VDSC), stocks began to receive a lot of positive information from the second half of September such as interest rate cuts by major banks in the world, notably the US Federal Reserve ( Fed), along with China’s real estate support policy. The market also recorded a trend of increased liquidity, with foreign investors returning to net buying.

In October, the third quarter business results reporting season is expected to be a positive supporting factor. From now until the end of the year, stocks will also be supported by regulations to remove obstacles to upgrade the market, monetary policies to support the economy of the State Bank, and the Government’s steadfast goal of GDP growth. about 7% for the whole year, speeding up the disbursement of public investment capital.

However, in the opposite direction, VDSC believes that the risk of escalating war in the Middle East is a factor that requires caution. This may contribute to making VN-Index’s journey to conquer the 1,300 point threshold become challenging.

In the context of the market situation with many variables, according to Fmarket, allocating a portion of assets to open fund products is a suitable solution for increasing assets in the last months of this year and early 2025. Open-end funds are considered a worthy investment channel for non-professional investors while still maintaining good performance amid complex market developments. These products can also help investors who have limited psychological factors, knowledge, skills, capital resources and legal regulations to still participate in securities.

However, before pouring money into open funds, investors also need to pay attention to a number of issues. Mr. Nguyen Duy Anh – Head of Portfolio Management Department of Vietcombank Fund Management Company (VCBF) – recommends considering and finding answers to three issues including: Is performance stable over time or does it fluctuate? more dynamic than the market? Is the investment strategy suitable for your needs (ability to accept risk, investment period)? What is the human resources team of the fund management company like (experience, length of time with the fund)?