Manulife Vietnam's open-end funds all reported profits

Manulife Investment Management, a fund management company under Manulife Vietnam, has just announced its 2024 financial report with many positive results.

According to the report, the Manulife Equity Fund recorded a return of 20.4%, outperforming the 12.1% increase of the VN-Index in 2024. Meanwhile, the Manulife Balanced Fund achieved a return of 13.2%. Over the 5-year period (2020 - 2024), these two funds brought returns of 55.5% and 60%, respectively, showing stable investment efficiency in the medium and long term.

In addition to the two open-end funds above, in January 2024, Manulife Fund Management launched the Manulife Dynamic Investment Fund with the goal of providing stable long-term growth potential and low price volatility risk. Although only operating for one year, this fund has recorded a return of 10.5% in 2024 - a quite impressive figure for a new fund in the context of the volatile financial market last year.

Open-end funds of Manulife Fund Management Company simultaneously reported profits.

PHOTO: NGOC THANG

The 2024 financial report shows that Manulife Fund Management Company's after-tax profit increased by 15.5%, reaching more than VND 265 billion. Total assets managed by the company reached VND 126,000 billion at original price at the end of 2024. If calculated at market price, this figure is VND 134,500 billion (equivalent to USD 5.3 billion), an increase of 15.1% compared to 2023, and an average increase of 24.2%/year in the past 5 years (2020 - 2024).

Ms. Tran Thi Kim Cuong, General Director of Manulife Fund Management Company, said that although the economic picture last year was still volatile, thanks to a flexible investment strategy and a team of experienced experts, open-end funds and other investment portfolios managed by the company still maintained positive performance, contributing to the overall growth of the company. One of the factors that helps open-end funds operate effectively is the strict risk management culture, following the global standards of Manulife Group. All investment decisions are thoroughly researched and assessed for risks in accordance with the group's standards, with regular and periodic assessment mechanisms to ensure compliance with the risk appetite and long-term investment goals of customers. "A culture of risk management and long-term vision not only helps improve transparency and discipline in investment activities, but also contributes to protecting the sustainable interests of customers when the market is volatile," Ms. Tran Thi Kim Cuong added.

Source: https://thanhnien.vn/cac-quy-mo-cua-manulife-viet-nam-dong-loat-bao-lai-185250402114355507.htm