Stocks fell sharply in April with the tariff shock, then rose sharply and are gradually approaching a historical peak in July 2025 - Photo: QUANG DINH
Profit Breakout in Short Time
Despite the cash outflow, the buying force still dominated, helping the VN-Index maintain its upward momentum, officially reaching 1,457 points in the last session of this week, moving closer to the record set during the COVID-19 period three years ago (1,528 points).
This development is noteworthy because the VN-Index fell to 1,073 points three months ago, when the US announced the imposition of reciprocal tariffs and the global financial market was affected by many uncertainties. At that time, sentiment fluctuated strongly, forcing many investors to restructure their portfolios. However, the situation has gradually improved both in terms of internal strength and tariff issues, demonstrating the resilience and flexible development of the Vietnamese economy .
In that context, trading activities on the stock exchange have also become the focus, especially with "sharks" - investment funds entrusted with large capital, managed and made by a team of experienced experts.
According to data from Fmarket - the platform with the most open-end funds in Vietnam, in the face of many challenges, funds have demonstrated professionalism and initiative in risk management strategies.
Typically, many funds with flexible strategies have taken advantage of the recovery to break out with profits exceeding 20% after fluctuations, in which DCDS fund recorded a profit of nearly 30% in less than 3 months.
Summing up the first half of the year, the performance rankings show a strong rise of new open-end funds, with two equity funds managed by MB Capital holding the leading positions with profits of approximately 11% and 10%, respectively. The remaining two funds are BVFED of Bao Viet Fund with 8.5% and DCDS of Dragon Capital with more than 8%.
Defensive with bond funds and balanced funds
Unlike the volatility of equity funds, bond funds continue to play a defensive role thanks to stable yields, higher than savings interest rates. Many funds such as VNDBF, VinaCapital VFF, BVBF, DCBF recorded 12-month profits exceeding 6.4%.
Some flexible bond funds allocate their portfolios to stocks, such as LHBF, which is achieving a return of 12%, double the interest rate of 12-month savings.
Balanced funds, although affected by stocks, are under control thanks to stable income from high-quality bonds. VinaCapital VIBF leads this group with a return of more than 3% in the first half of the year.
Notably, amid the market's potential for many variables, liquid bond funds (MMFs) have become a haven for cash flows waiting for opportunities. With high liquidity and interest calculated based on holding time, MMFs are considered a more flexible choice than short-term savings. On Fmarket, these funds maintain stable performance: MBAM (3.2%), ABBF (3%), DCIP (2.7%), SSIBF and VNDBF (both 2.6%).
Moving into the second half of 2025, the market is expected to benefit from a series of supporting factors: loose monetary policy, expectations of market upgrades, and reforms within the “Innovation 2.0” framework, placing the private sector at the center of long-term growth.
5-year open-end fund return
Open-end funds' profits and assets increase sharply
Fmarket's statistics on open-end fund performance over a 5-year cycle show that most open-end funds have impressive net asset value (NAV) growth, despite periods of deep market correction.
As of the end of the second quarter of 2025, VinaCapital-VESAF is leading the 5-year profit milestone with an average return of nearly 23%/year, SSI-SCA reaches approximately 20%/year, DCDS reaches more than 19%/year, VinaCapital-VEOF reaches 19%, VCBF-BCF maintains a level of nearly 18%/year, far surpassing the increase of VN-Index in the same period, only reaching 10.8%/year.
As Vietnam enters a period of strong economic development, open-end funds are expected to continue to play an increasingly important role in the asset allocation strategy of investors.
Source: https://tuoitre.vn/chung-khoan-tang-vun-vut-sau-khi-dot-ngot-lao-doc-ca-map-lai-dam-co-nao-20250712081814722.htm
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