VFMVF1 price closes to face value

Thursday, May 22, 2008
VFMVF1 coded fund certificate yesterday remained at 11,700 dong each after 12 consecutive declines. However, according to the report on May 15, the net asset value (NAV) of each VF1 fund unit still reached 20,661 dong.
Therefore, VFMVF1 is being traded under far its NAV.
As compared with May 8, the NAV decreased nearly 8%.
Similarly, the price of MAFPF1 yesterday stood at 5,600 dong each against the NAV of 6,100 dong/unit reported on May 15.