The Ho Chi Minh City branch of Deutsche Bank has been appointed custodian, supervisory bank and fund administrator by Vietfund Management for its Vietnam Bond Fund (VFMVFB), one of Vietnam’s first open-ended funds.
Deutsche Bank will also provide transfer agency services for the bond fund, which includes data processing of all applications subscriptions, redemptions and switches as well as reporting services for VFMVFB.
Initially established as a joint-venture company between a British investment firm and Vietnamese commercial bank Sacombank, Vietfund Management is a fund management company in Vietnam with approximately $200 million of assets under management as of 2010.
Vietnamese Fund Manager Appoints Deutsche Bank
The Ho Chi Minh City branch of Deutsche Bank has been appointed custodian, supervisory bank and fund administrator by Vietfund Management for its Vietnam Bond Fund (VFMVFB), one of Vietnam’s first open-ended funds.
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