According to the Securities Law 2019, Fund Certificate is a type of securities that confirms an investor's ownership of a portion of the contributed capital of a securities investment fund. A stock investment fund is a public fund, also known as an open-ended fund. The face value of the Fund Certificate offered to the public is 10,000 VND.
Investors buy the Fund Certificate/ invest the open-ended fund should pay attention to the following three essential issues:
- Investors do not have the right to make investment decisions for the fund.
- Fund managers - leading financial experts will be responsible for investing, using the fund's money to buy securities.
- The investor's profit is from the fund's investment activities after deducting expenses.