DR on DCVFMVN DIAMOND ETF (FUEVFVND) | 41.21 *
DR on DCVFMVN DIAMOND ETF (FUEVFVND) | 41.21 *
* Foreign stock markets of the underlying securities are closed.
The iNAV price of Depositary Receipt (DR), which has ETF as the underlying securities, is an estimated price reflecting the value of the DR. The calculation of iNAV is derived from the latest value of the underlying securities announced by the ETF issuer (which could be displayed later than the actual data around 15 minutes in some countries).
In practical, the market makers may not be able to place bid/ask price at the iNAV level due to the difference between the bid/ask spread of the underlying securities and iNAV calculated as abovementioned, the limited liquidity for trading or the occurrence of relevant transaction costs.
In addition, the iNAV and the bid/ask spread calculation by the market makers comply with the same principle as other ETFs listed on the Stock Exchange of Thailand.
1) iNAV is not the bid/ask price of DR, but it is an indicative net asset value (NAV) per unit during the day, which is calculated from the exchange rate between Thai Baht and trading foreign currency of the ETFs listed in foreign securities exchanges.
2) Bualuang Securities Public Company Limited (“Bualuang Securities”) does not guarantee that the bid/ask price of DR will align with iNAV. Such incident may arise when the numbers of DR held by Bualuang Securities are insufficient to provide liquidity or when the foreign securities exchange is closed or any other circumstances.
FUEVFVND01 is a Depositary Receipt which has DCVFMVN DIAMOND ETF as an underlying security that tracks VN Diamond Index of Vietnam. The fund is managed by Dragon Capital VietFund Management Company who is experienced in asset management field in Vietnam. VN Diamond was established by Ho Chi Minh Stock Exchange and designed to solve foreign investor limitations. The index is suitable for investors who desire to invest in near-to-full or full foreign ownership limit stocks without paying 7-30% premiums.
Example Criteria of VN Diamond Index
The constituent stocks must be held by a foreign investor and have a FOL Ratio of at least 95% for new stocks to be included in the next review period, or at least 80% for existing stocks in the index.
