{"id":86288,"date":"2024-11-14T09:34:21","date_gmt":"2024-11-14T02:34:21","guid":{"rendered":"https:\/\/jobsgo.vn\/blog\/?p=86288"},"modified":"2024-11-18T15:39:43","modified_gmt":"2024-11-18T08:39:43","slug":"index-fund-la-gi","status":"publish","type":"post","link":"https:\/\/jobsgo.vn\/blog\/index-fund-la-gi\/","title":{"rendered":"Index Fund L\u00e0 G\u00ec? Kh\u00e1m Ph\u00e1 2 Lo\u1ea1i Qu\u1ef9 Index Fund"},"content":{"rendered":"\n
\u201c<\/em>Index Fund l\u00e0 g\u00ec?<\/em><\/strong>\u201d l\u00e0 c\u00e2u h\u1ecfi \u0111\u01b0\u1ee3c nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m khi t\u00ecm ki\u1ebfm c\u00e1c ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng. \u0110\u00e2y l\u00e0 lo\u1ea1i qu\u1ef9 \u0111\u1ea7u t\u01b0 theo d\u00f5i ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng v\u00e0 cung c\u1ea5p m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn \u0111\u01a1n gi\u1ea3n, hi\u1ec7u qu\u1ea3 \u0111\u1ec3 tham gia v\u00e0o c\u00e1c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i ch\u1ecdn l\u1ef1a c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb. Song, khi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0o Index Fund, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ph\u1ea3i xem x\u00e9t m\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o tri\u1ec3n khai su\u00f4n s\u1ebb v\u00e0 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn. H\u00e3y c\u00f9ng JobsGO<\/strong><\/a> t\u00ecm hi\u1ec3u 3 ti\u00eau ch\u00ed quan tr\u1ecdng nh\u1ea5t c\u1ea7n c\u00e2n nh\u1eafc \u0111\u1ec3 l\u1ef1a ch\u1ecdn qu\u1ef9 Index ph\u00f9 h\u1ee3p nh\u00e9!<\/em><\/p>\n M\u1ee5c l\u1ee5c<\/p> Index Fund l\u00e0 g\u00ec<\/strong>? Index Fund hay qu\u1ef9 ch\u1ec9 s\u1ed1 l\u00e0 m\u1ed9t ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 t\u1eadp th\u1ec3 nh\u1eb1m b\u00e1m s\u00e1t bi\u1ebfn \u0111\u1ed9ng c\u1ee7a m\u1ed9t ch\u1ec9 s\u1ed1 tham chi\u1ebfu c\u1ee5 th\u1ec3 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Thay v\u00ec ch\u1ecdn l\u1ecdc t\u1eebng c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd n\u1eafm gi\u1eef danh m\u1ee5c t\u00e0i s\u1ea3n ph\u1ea3n \u00e1nh ch\u00ednh x\u00e1c t\u1ef7 tr\u1ecdng c\u00e1c m\u00e3 trong r\u1ed5 ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c ch\u1ecdn.<\/p><\/blockquote>\n V\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh l\u00e0 qu\u1ef9 ETF VN30, m\u00f4 ph\u1ecfng di\u1ec5n bi\u1ebfn c\u1ee7a 30 doanh nghi\u1ec7p h\u00e0ng \u0111\u1ea7u s\u00e0n HOSE th\u00f4ng qua vi\u1ec7c ph\u00e2n b\u1ed5 v\u1ed1n theo t\u1ef7 l\u1ec7 v\u1ed1n h\u00f3a c\u1ee7a t\u1eebng c\u00f4ng ty.<\/p>\n \u0110\u1eb7c \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u1ee7a lo\u1ea1i h\u00ecnh n\u00e0y l\u00e0 chi ph\u00ed qu\u1ea3n l\u00fd th\u1ea5p do kh\u00f4ng c\u1ea7n \u0111\u1ed9i ng\u0169 ph\u00e2n t\u00edch chuy\u00ean s\u00e2u, c\u00f9ng v\u1edbi t\u00ednh thanh kho\u1ea3n cao, t\u00ednh minh b\u1ea1ch v\u01b0\u1ee3t tr\u1ed9i. Khi th\u1ecb tr\u01b0\u1eddng t\u0103ng \u0111i\u1ec3m, gi\u00e1 tr\u1ecb qu\u1ef9 s\u1ebd t\u0103ng t\u01b0\u01a1ng \u1ee9ng v\u00e0 ng\u01b0\u1ee3c l\u1ea1i. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng theo d\u00f5i hi\u1ec7u su\u1ea5t sinh l\u1eddi th\u00f4ng qua bi\u1ebfn \u0111\u1ed9ng c\u1ee7a ch\u1ec9 s\u1ed1 tham chi\u1ebfu. Th\u1ef1c t\u1ebf cho th\u1ea5y \u0111\u1ea7u t\u01b0 v\u00e0o qu\u1ef9 ch\u1ec9 s\u1ed1 th\u01b0\u1eddng mang l\u1ea1i k\u1ebft qu\u1ea3 t\u1ed1t h\u01a1n so v\u1edbi ph\u1ea7n l\u1edbn c\u00e1c qu\u1ef9 ch\u1ee7 \u0111\u1ed9ng trong d\u00e0i h\u1ea1n, \u0111\u1eb7c bi\u1ec7t t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n nh\u01b0 M\u1ef9 hay ch\u00e2u \u00c2u.<\/p>\n V\u00ed d\u1ee5, qu\u1ef9 VFMVN Diamond ETF l\u00e0 m\u1ed9t index fund n\u1ed5i ti\u1ebfng t\u1ea1i Vi\u1ec7t Nam. Qu\u1ef9 n\u00e0y \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u0111\u1ec3 b\u00e1m s\u00e1t ch\u1ec9 s\u1ed1 VN Diamond, bao g\u1ed3m c\u00e1c c\u1ed5 phi\u1ebfu \u0111\u00e3 ch\u1ea1m room kh\u1ed1i ngo\u1ea1i (t\u1ef7 l\u1ec7 s\u1edf h\u1eefu t\u1ed1i \u0111a m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i \u0111\u01b0\u1ee3c ph\u00e9p n\u1eafm gi\u1eef trong m\u1ed9t c\u00f4ng ty ni\u00eam y\u1ebft) nh\u01b0 FPT, MWG, VNM. Khi nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ecf 100 tri\u1ec7u \u0111\u1ed3ng v\u00e0o qu\u1ef9 n\u00e0y, s\u1ed1 ti\u1ec1n s\u1ebd \u0111\u01b0\u1ee3c ph\u00e2n b\u1ed5 t\u1ef1 \u0111\u1ed9ng theo t\u1ef7 tr\u1ecdng t\u01b0\u01a1ng \u1ee9ng c\u1ee7a t\u1eebng m\u00e3 trong r\u1ed5 ch\u1ec9 s\u1ed1. Ch\u1eb3ng h\u1ea1n, n\u1ebfu FPT chi\u1ebfm 15% trong r\u1ed5 VN Diamond, th\u00ec 15 tri\u1ec7u \u0111\u1ed3ng s\u1ebd \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu FPT. \u0110i\u1ec1u n\u00e0y gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1edf h\u1eefu ngay m\u1ed9t danh m\u1ee5c \u0111a d\u1ea1ng g\u1ed3m nhi\u1ec1u c\u1ed5 phi\u1ebfu blue-chip m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i nghi\u00ean c\u1ee9u, ch\u1ecdn l\u1ef1a t\u1eebng m\u00e3 ri\u00eang l\u1ebb. Khi ch\u1ec9 s\u1ed1 VN Diamond t\u0103ng 10%, gi\u00e1 tr\u1ecb kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd c\u0169ng s\u1ebd t\u0103ng t\u01b0\u01a1ng \u1ee9ng kho\u1ea3ng 10%.<\/p>\n Qu\u1ef9 ch\u1ec9 s\u1ed1 ph\u00f9 h\u1ee3p v\u1edbi nhi\u1ec1u nh\u00f3m \u0111\u1ed1i t\u01b0\u1ee3ng kh\u00e1c nhau, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u h\u00e0nh tr\u00ecnh \u0111\u1ea7u t\u01b0 t\u00e0i ch\u00ednh. Nh\u1eefng ng\u01b0\u1eddi b\u1eadn r\u1ed9n, kh\u00f4ng c\u00f3 th\u1eddi gian theo d\u00f5i bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng ho\u1eb7c thi\u1ebfu kinh nghi\u1ec7m ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu s\u1ebd t\u00ecm th\u1ea5y gi\u1ea3i ph\u00e1p t\u1ed1i \u01b0u t\u1eeb ph\u01b0\u01a1ng th\u1ee9c n\u00e0y. Thay v\u00ec d\u00e0nh h\u00e0ng gi\u1edd nghi\u00ean c\u1ee9u b\u00e1o c\u00e1o t\u00e0i ch\u00ednh hay theo d\u00f5i tin t\u1ee9c doanh nghi\u1ec7p, h\u1ecd c\u00f3 th\u1ec3 \u0111\u01a1n gi\u1ea3n l\u1ef1a ch\u1ecdn m\u1ed9t qu\u1ef9 ETF uy t\u00edn \u0111\u1ec3 b\u1eaft \u0111\u1ea7u h\u00e0nh tr\u00ecnh \u0111\u1ea7u t\u01b0.<\/p>\n \u0110\u1ed1i t\u01b0\u1ee3ng th\u1ee9 hai l\u00e0 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i, hi\u1ec3u r\u00f5 v\u1ec1 l\u1ee3i th\u1ebf c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng. H\u1ecd nh\u1eadn th\u1ee9c \u0111\u01b0\u1ee3c r\u1eb1ng vi\u1ec7c \u0111\u00e1nh th\u1eafng th\u1ecb tr\u01b0\u1eddng trong d\u00e0i h\u1ea1n l\u00e0 v\u00f4 c\u00f9ng kh\u00f3 kh\u0103n, ngay c\u1ea3 v\u1edbi c\u00e1c chuy\u00ean gia. Do \u0111\u00f3, thay v\u00ec c\u1ed1 g\u1eafng d\u1ef1 \u0111o\u00e1n xu h\u01b0\u1edbng, h\u1ecd ch\u1ecdn c\u00e1ch \u0111\u1ea7u t\u01b0 v\u00e0o to\u00e0n b\u1ed9 th\u1ecb tr\u01b0\u1eddng th\u00f4ng qua c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y kh\u00f4ng ch\u1ec9 gi\u00fap t\u1ed1i \u01b0u chi ph\u00ed m\u00e0 c\u00f2n mang l\u1ea1i hi\u1ec7u qu\u1ea3 \u1ed5n \u0111\u1ecbnh trong th\u1eddi gian d\u00e0i.<\/p>\n Qu\u1ef9 ch\u1ec9 s\u1ed1 ph\u00e1t tri\u1ec3n m\u1ea1nh m\u1ebd t\u1eeb cu\u1ed1i th\u1eadp ni\u00ean 80, ban \u0111\u1ea7u thu h\u00fat s\u1ef1 quan t\u00e2m c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh l\u1edbn, sau \u0111\u00f3 lan r\u1ed9ng t\u1edbi c\u1ed9ng \u0111\u1ed3ng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n. \u0110i\u1ec3n h\u00ecnh nh\u01b0 c\u00e1c ETF b\u00e1m theo ch\u1ec9 s\u1ed1 MSCI v\u00e0 FTSE \u0111\u00e3 tr\u1edf th\u00e0nh c\u00f4ng c\u1ee5 \u0111\u1ea7u t\u01b0 ph\u1ed5 bi\u1ebfn to\u00e0n c\u1ea7u. S\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a ph\u01b0\u01a1ng th\u1ee9c n\u00e0y \u0111\u1ebfn t\u1eeb t\u00ednh \u0111\u01a1n gi\u1ea3n trong vi\u1ec7c v\u1eadn h\u00e0nh – t\u01b0\u01a1ng t\u1ef1 nh\u01b0 vi\u1ec7c s\u1edf h\u1eefu m\u1ed9t \u201cr\u1ed5 c\u1ed5 phi\u1ebfu\u201d (basket of stocks) \u0111a d\u1ea1ng m\u00e0 kh\u00f4ng c\u1ea7n can thi\u1ec7p nhi\u1ec1u.<\/p>\n \u0110\u1eb7c bi\u1ec7t, Index Fund ph\u00f9 h\u1ee3p v\u1edbi nh\u1eefng ng\u01b0\u1eddi m\u1edbi tham gia th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Thay v\u00ec ph\u1ea3i nghi\u00ean c\u1ee9u chuy\u00ean s\u00e2u t\u1eebng doanh nghi\u1ec7p, h\u1ecd c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn danh m\u1ee5c \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ecdn l\u1ecdc, bao g\u1ed3m nh\u1eefng c\u00f4ng ty c\u00f3 n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc, tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh. Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng n\u00e0y gi\u00fap ti\u1ebft ki\u1ec7m \u0111\u00e1ng k\u1ec3 th\u1eddi gian, c\u00f4ng s\u1ee9c trong vi\u1ec7c ph\u00e2n t\u00edch v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch.<\/p>\n C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p c\u0169ng \u01b0a chu\u1ed9ng Index Fund b\u1edfi kh\u1ea3 n\u0103ng t\u1ea1o ra l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng v\u1edbi m\u1ee9c \u0111\u1ed9 r\u1ee7i ro \u0111\u01b0\u1ee3c ki\u1ec3m so\u00e1t t\u1ed1t. H\u1ecd c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng \u0111\u00e1nh gi\u00e1 xu h\u01b0\u1edbng th\u1ecb tr\u01b0\u1eddng th\u00f4ng qua bi\u1ebfn \u0111\u1ed9ng c\u1ee7a ch\u1ec9 s\u1ed1 tham chi\u1ebfu, t\u1eeb \u0111\u00f3 \u0111\u01b0a ra c\u00e1c \u0111i\u1ec1u ch\u1ec9nh ph\u00f9 h\u1ee3p cho chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 t\u1ed5ng th\u1ec3.<\/p>\n Index Fund ng\u00e0y c\u00e0ng thu h\u00fat s\u1ef1 quan t\u00e2m c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1edd t\u00ednh \u0111\u01a1n gi\u1ea3n, hi\u1ec7u qu\u1ea3 trong vi\u1ec7c ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Tuy nhi\u00ean, nh\u01b0 m\u1ecdi ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 kh\u00e1c, c\u00f4ng c\u1ee5 n\u00e0y c\u0169ng mang trong m\u00ecnh nh\u1eefng \u0111i\u1ec3m m\u1ea1nh v\u00e0 h\u1ea1n ch\u1ebf ri\u00eang c\u1ea7n \u0111\u01b0\u1ee3c c\u00e2n nh\u1eafc k\u1ef9 l\u01b0\u1ee1ng.<\/p>\n Index Fund \u0111\u00e3 mang l\u1ea1i nhi\u1ec1u l\u1ee3i \u00edch cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u01b0:<\/p>\n So v\u1edbi qu\u1ea3n l\u00fd ch\u1ee7 \u0111\u1ed9ng truy\u1ec1n th\u1ed1ng, Index Fund \u00e1p d\u1ee5ng c\u01a1 ch\u1ebf \u0111i\u1ec1u h\u00e0nh t\u1ef1 \u0111\u1ed9ng, gi\u00fap gi\u1ea3m thi\u1ec3u \u0111\u00e1ng k\u1ec3 chi ph\u00ed qu\u1ea3n l\u00fd v\u00e0 giao d\u1ecbch. Nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u1ea7n thanh to\u00e1n ph\u00ed t\u01b0 v\u1ea5n hay chi tr\u1ea3 cho \u0111\u1ed9i ng\u0169 ph\u00e2n t\u00edch, t\u1eeb \u0111\u00f3 t\u1ed1i \u01b0u \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n.<\/p>\n Index Fund l\u00e0 l\u1ef1a ch\u1ecdn l\u00fd t\u01b0\u1edfng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n ti\u1ebft ki\u1ec7m chi ph\u00ed m\u00e0 v\u1eabn \u0111\u1ea1t \u0111\u01b0\u1ee3c hi\u1ec7u su\u1ea5t \u0111\u1ea7u t\u01b0 \u1ed5n \u0111\u1ecbnh. V\u1edbi chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng, Index Fund kh\u00f4ng y\u00eau c\u1ea7u s\u1ef1 can thi\u1ec7p th\u01b0\u1eddng xuy\u00ean t\u1eeb c\u00e1c chuy\u00ean gia t\u00e0i ch\u00ednh. N\u00f3 kh\u00f4ng ch\u1ec9 gi\u00fap gi\u1ea3m thi\u1ec3u c\u00e1c kho\u1ea3n ph\u00ed d\u1ecbch v\u1ee5 m\u00e0 c\u00f2n h\u1ea1n ch\u1ebf chi ph\u00ed ph\u00e1t sinh t\u1eeb giao d\u1ecbch mua b\u00e1n li\u00ean t\u1ee5c tr\u00ean th\u1ecb tr\u01b0\u1eddng. Nh\u1edd v\u1eady, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 t\u1eadp trung v\u00e0o vi\u1ec7c gia t\u0103ng t\u00e0i s\u1ea3n m\u00e0 kh\u00f4ng ph\u1ea3i lo l\u1eafng v\u1ec1 c\u00e1c chi ph\u00ed qu\u1ea3n l\u00fd cao, t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn trong d\u00e0i h\u1ea1n v\u00e0 gi\u1ea3m thi\u1ec3u r\u1ee7i ro do c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n.<\/p>\n Th\u00f4ng qua m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 duy nh\u1ea5t, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn ngay m\u1ed9t r\u1ed5 c\u1ed5 phi\u1ebfu \u0111a d\u1ea1ng. V\u00ed d\u1ee5 v\u1edbi VN30 Index Fund, danh m\u1ee5c s\u1ebd bao g\u1ed3m 30 doanh nghi\u1ec7p h\u00e0ng \u0111\u1ea7u s\u00e0n HOSE, gi\u00fap ph\u00e2n t\u00e1n r\u1ee7i ro hi\u1ec7u qu\u1ea3 m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i giao d\u1ecbch t\u1eebng m\u00e3 ri\u00eang l\u1ebb. \u0110i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a l\u00e0 n\u1ebfu m\u1ed9t v\u00e0i c\u1ed5 phi\u1ebfu trong danh m\u1ee5c g\u1eb7p kh\u00f3 kh\u0103n, c\u00e1c m\u00e3 c\u00f2n l\u1ea1i v\u1eabn c\u00f3 th\u1ec3 duy tr\u00ec hi\u1ec7u su\u1ea5t t\u00edch c\u1ef1c, gi\u00fap c\u00e2n b\u1eb1ng v\u00e0 b\u1ea3o v\u1ec7 l\u1ee3i nhu\u1eadn t\u1ed5ng th\u1ec3. V\u1edbi m\u1ed9t r\u1ed5 c\u1ed5 phi\u1ebfu \u0111a d\u1ea1ng v\u00e0 c\u00f3 t\u00ednh thanh kho\u1ea3n cao, Index Fund tr\u1edf th\u00e0nh l\u1ef1a ch\u1ecdn ph\u00f9 h\u1ee3p cho nh\u1eefng ai mu\u1ed1n \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n m\u00e0 kh\u00f4ng ph\u1ea3i lo l\u1eafng qu\u00e1 nhi\u1ec1u v\u1ec1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a t\u1eebng m\u00e3 c\u1ed5 phi\u1ebfu c\u1ee5 th\u1ec3.<\/p>\n To\u00e0n b\u1ed9 th\u00f4ng tin v\u1ec1 c\u01a1 c\u1ea5u danh m\u1ee5c, chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 v\u00e0 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 \u0111\u1ec1u \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 r\u00f5 r\u00e0ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng theo d\u00f5i bi\u1ebfn \u0111\u1ed9ng gi\u00e1 v\u00e0 \u0111\u00e1nh gi\u00e1 hi\u1ec7u su\u1ea5t th\u00f4ng qua ch\u1ec9 s\u1ed1 tham chi\u1ebfu. M\u1ecdi thay \u0111\u1ed5i trong danh m\u1ee5c \u0111\u1ec1u \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 c\u00f4ng khai, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm r\u00f5 c\u00e1c th\u00e0nh ph\u1ea7n c\u1ee5 th\u1ec3 v\u00e0 chi\u1ebfn l\u01b0\u1ee3c m\u00e0 qu\u1ef9 \u0111ang theo \u0111u\u1ed5i. H\u1ecd c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng gi\u00e1m s\u00e1t, \u0111i\u1ec1u ch\u1ec9nh c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ee7a m\u00ecnh d\u1ef1a tr\u00ean d\u1eef li\u1ec7u minh b\u1ea1ch, t\u1eeb \u0111\u00f3 t\u1ed1i \u01b0u h\u00f3a c\u01a1 h\u1ed9i \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n.<\/p>\n Index Fund t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam. H\u1ecd c\u00f3 th\u1ec3 gi\u00e1n ti\u1ebfp s\u1edf h\u1eefu c\u00e1c c\u1ed5 phi\u1ebfu \u0111\u00e3 h\u1ebft room ngo\u1ea1i th\u00f4ng qua vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u00e0o qu\u1ef9. V\u1edbi vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u00e0o Index Funds<\/strong>, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i kh\u00f4ng c\u00f2n b\u1ecb gi\u1edbi h\u1ea1n b\u1edfi room ngo\u1ea1i c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb. N\u00f3 kh\u00f4ng ch\u1ec9 m\u1edf r\u1ed9ng c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 m\u00e0 c\u00f2n t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho d\u00f2ng v\u1ed1n n\u01b0\u1edbc ngo\u00e0i ch\u1ea3y v\u00e0o nhi\u1ec1u l\u0129nh v\u1ef1c kh\u00e1c nhau. Nh\u1edd \u0111\u00f3, Index Fund v\u1eeba gi\u00fap n\u00e2ng cao thanh kho\u1ea3n v\u1eeba th\u00fac \u0111\u1ea9y s\u1ef1 ph\u00e1t tri\u1ec3n b\u1ec1n v\u1eefng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam.<\/p>\n M\u1eb7c d\u00f9 Index Fund mang l\u1ea1i nhi\u1ec1u l\u1ee3i \u00edch trong vi\u1ec7c thu h\u00fat v\u1ed1n ngo\u1ea1i v\u00e0 \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0, qu\u1ef9 n\u00e0y c\u0169ng t\u1ed3n t\u1ea1i m\u1ed9t s\u1ed1 h\u1ea1n ch\u1ebf \u0111\u00e1ng \u0111\u1ec3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e2n nh\u1eafc nh\u01b0:<\/p>\n Do b\u00e1m s\u00e1t ch\u1ec9 s\u1ed1 tham chi\u1ebfu, Index Fund kh\u00f4ng th\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi th\u1ecb tr\u01b0\u1eddng. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 b\u1ecf l\u1ee1 c\u01a1 h\u1ed9i sinh l\u1eddi t\u1eeb nh\u1eefng c\u1ed5 phi\u1ebfu ti\u1ec1m n\u0103ng n\u1eb1m ngo\u00e0i danh m\u1ee5c ch\u1ec9 s\u1ed1. Khi m\u1ed9t s\u1ed1 ng\u00e0nh ho\u1eb7c doanh nghi\u1ec7p nh\u1ecf b\u1eaft \u0111\u1ea7u ph\u00e1t tri\u1ec3n v\u01b0\u1ee3t b\u1eadc, c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 th\u01b0\u1eddng kh\u00f4ng ph\u1ea3n \u00e1nh k\u1ecbp th\u1eddi, d\u1eabn \u0111\u1ebfn vi\u1ec7c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng t\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf t\u1eeb c\u00e1c xu h\u01b0\u1edbng m\u1edbi ho\u1eb7c c\u00e1c c\u1ed5 phi\u1ebfu \u0111\u1ed9t ph\u00e1. N\u00f3 \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng v\u1edbi b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng, khi c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 ch\u1ee7 \u0111\u1ed9ng c\u00f3 th\u1ec3 linh ho\u1ea1t \u0111i\u1ec1u ch\u1ec9nh danh m\u1ee5c \u0111\u1ec3 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i, trong khi Index Fund b\u1ecb gi\u1edbi h\u1ea1n trong ph\u1ea1m vi c\u1ee7a ch\u1ec9 s\u1ed1.<\/p>\n Ng\u01b0\u1eddi tham gia Index Fund kh\u00f4ng \u0111\u01b0\u1ee3c h\u01b0\u1edfng c\u00e1c quy\u1ec1n nh\u01b0 c\u1ed5 \u0111\u00f4ng th\u00f4ng th\u01b0\u1eddng, bao g\u1ed3m quy\u1ec1n bi\u1ec3u quy\u1ebft t\u1ea1i \u0111\u1ea1i h\u1ed9i v\u00e0 quy\u1ec1n tham gia qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p. V\u00ec Index Fund ch\u1ee7 y\u1ebfu nh\u1eafm t\u1edbi vi\u1ec7c t\u00e1i t\u1ea1o hi\u1ec7u su\u1ea5t c\u1ee7a ch\u1ec9 s\u1ed1, nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng th\u1ec3 can thi\u1ec7p v\u00e0o vi\u1ec7c ch\u1ecdn l\u1ecdc c\u1ed5 phi\u1ebfu trong danh m\u1ee5c ho\u1eb7c \u0111\u1ec1 xu\u1ea5t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0. N\u00f3 \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c h\u1ecd kh\u00f4ng c\u00f3 ti\u1ebfng n\u00f3i trong c\u00e1c quy\u1ebft \u0111\u1ecbnh quan tr\u1ecdng c\u1ee7a doanh nghi\u1ec7p, ch\u1eb3ng h\u1ea1n nh\u01b0 s\u00e1p nh\u1eadp, mua l\u1ea1i ho\u1eb7c thay \u0111\u1ed5i chi\u1ebfn l\u01b0\u1ee3c kinh doanh. Nh\u1eefng h\u1ea1n ch\u1ebf n\u00e0y c\u00f3 th\u1ec3 l\u00e0 y\u1ebfu t\u1ed1 b\u1ea5t l\u1ee3i cho nh\u1eefng ai mu\u1ed1n tham gia s\u00e2u h\u01a1n v\u00e0o ho\u1ea1t \u0111\u1ed9ng c\u1ee7a doanh nghi\u1ec7p m\u00e0 m\u00ecnh \u0111\u1ea7u t\u01b0, mong mu\u1ed1n t\u1ea1o \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn gi\u00e1 tr\u1ecb v\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng ph\u00e1t tri\u1ec3n c\u1ee7a doanh nghi\u1ec7p.<\/p>\n Khi th\u1ecb tr\u01b0\u1eddng suy gi\u1ea3m, gi\u00e1 tr\u1ecb danh m\u1ee5c Index Fund c\u0169ng s\u1ebd gi\u1ea3m t\u01b0\u01a1ng \u1ee9ng. N\u00f3 c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh \u0111\u1ebfn c\u00e1c qu\u1ef9 t\u1eadp trung v\u00e0o m\u1ed9t ng\u00e0nh ho\u1eb7c khu v\u1ef1c \u0111\u1ecba l\u00fd c\u1ee5 th\u1ec3. Khi c\u00f3 s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh hay suy tho\u00e1i tr\u00ean th\u1ecb tr\u01b0\u1eddng, c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 c\u00f3 th\u1ec3 kh\u00f4ng k\u1ecbp ph\u1ea3n \u1ee9ng linh ho\u1ea1t, d\u1eabn \u0111\u1ebfn s\u1ef1 gi\u1ea3m gi\u00e1 tr\u1ecb \u0111\u1ed3ng lo\u1ea1t c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu trong danh m\u1ee5c. \u0110\u1eb7c bi\u1ec7t, nh\u1eefng qu\u1ef9 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c l\u0129nh v\u1ef1c ho\u1eb7c khu v\u1ef1c c\u00f3 \u0111\u1ed9 nh\u1ea1y c\u1ea3m cao v\u1edbi thay \u0111\u1ed5i kinh t\u1ebf, ch\u00ednh tr\u1ecb s\u1ebd c\u00e0ng d\u1ec5 b\u1ecb \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c, khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nguy c\u01a1 thua l\u1ed7.<\/p>\n Trong m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p, hi\u1ec7u su\u1ea5t c\u1ee7a Index Fund c\u00f3 th\u1ec3 ch\u1ec7ch kh\u1ecfi ch\u1ec9 s\u1ed1 tham chi\u1ebfu do c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 ph\u00ed giao d\u1ecbch, thu\u1ebf, th\u1eddi \u0111i\u1ec3m c\u01a1 c\u1ea5u l\u1ea1i danh m\u1ee5c. \u0110i\u1ec1u n\u00e0y t\u1ea1o ra kho\u1ea3ng c\u00e1ch gi\u1eefa l\u1ee3i nhu\u1eadn th\u1ef1c t\u1ebf v\u00e0 m\u1ee9c sinh l\u1eddi l\u00fd thuy\u1ebft c\u1ee7a ch\u1ec9 s\u1ed1. C\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 vi\u1ec7c t\u00e1i c\u01a1 c\u1ea5u danh m\u1ee5c kh\u00f4ng \u0111\u1ed3ng b\u1ed9 ho\u1eb7c s\u1ef1 ch\u1eadm tr\u1ec5 trong vi\u1ec7c theo d\u00f5i c\u00e1c bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 l\u00e0m gia t\u0103ng s\u1ef1 ch\u00eanh l\u1ec7ch n\u00e0y. Chi ph\u00ed ph\u00e1t sinh t\u1eeb giao d\u1ecbch v\u00e0 thu\u1ebf c\u0169ng l\u00e0 c\u00e1c nh\u00e2n t\u1ed1 l\u00e0m gi\u1ea3m kh\u1ea3 n\u0103ng qu\u1ef9 c\u00f3 th\u1ec3 duy tr\u00ec s\u1ef1 li\u00ean k\u1ebft ch\u00ednh x\u00e1c v\u1edbi ch\u1ec9 s\u1ed1 tham chi\u1ebfu, t\u1ea1o n\u00ean s\u1ef1 m\u1ea5t \u0111\u1ed3ng nh\u1ea5t gi\u1eefa k\u1ef3 v\u1ecdng v\u00e0 k\u1ebft qu\u1ea3 th\u1ef1c t\u1ebf.<\/p>\n Index Fund \u0111\u01b0\u1ee3c chia th\u00e0nh 2 lo\u1ea1i c\u01a1 b\u1ea3n \u0111\u00f3 l\u00e0:<\/p>\n Qu\u1ef9 \u0111\u1ea7u t\u01b0 ch\u1ec9 s\u1ed1 d\u1ea1ng m\u1edf l\u00e0 ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 t\u1eadp th\u1ec3, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 g\u00f3p v\u1ed1n \u0111\u1ec3 mua m\u1ed9t danh m\u1ee5c ch\u1ee9ng kho\u00e1n \u0111a d\u1ea1ng, ph\u1ea3n \u00e1nh ch\u00ednh x\u00e1c m\u1ed9t ch\u1ec9 s\u1ed1 tham chi\u1ebfu c\u1ee5 th\u1ec3. C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng c\u1ee7a lo\u1ea1i h\u00ecnh n\u00e0y kh\u00e1 linh ho\u1ea1t khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 mua b\u00e1n ch\u1ee9ng ch\u1ec9 qu\u1ef9 tr\u1ef1c ti\u1ebfp v\u1edbi c\u00f4ng ty qu\u1ea3n l\u00fd theo NAV (Gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n r\u00f2ng) v\u00e0o cu\u1ed1i ng\u00e0y giao d\u1ecbch. \u0110i\u1ec3m \u0111\u1eb7c tr\u01b0ng l\u00e0 kh\u00f4ng gi\u1edbi h\u1ea1n s\u1ed1 l\u01b0\u1ee3ng ch\u1ee9ng ch\u1ec9 qu\u1ef9 ph\u00e1t h\u00e0nh, t\u1ee9c l\u00e0 khi c\u00f3 th\u00eam ti\u1ec1n \u0111\u1ea7u t\u01b0 m\u1edbi, c\u00f4ng ty qu\u1ea3n l\u00fd s\u1ebd ph\u00e1t h\u00e0nh th\u00eam ch\u1ee9ng ch\u1ec9 qu\u1ef9 t\u01b0\u01a1ng \u1ee9ng.<\/p>\n \u01afu \u0111i\u1ec3m n\u1ed5i b\u1eadt l\u00e0 t\u00ednh minh b\u1ea1ch cao, chi ph\u00ed th\u1ea5p v\u00e0 ph\u00f9 h\u1ee3p v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd r\u1eb1ng gi\u00e1 mua b\u00e1n ch\u1ec9 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh v\u00e0o cu\u1ed1i ng\u00e0y, \u0111\u1ed3ng th\u1eddi c\u1ea7n duy tr\u00ec kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u1ed1i thi\u1ec3u theo quy \u0111\u1ecbnh c\u1ee7a t\u1eebng qu\u1ef9.<\/p>\n Qu\u1ef9 ETF (Exchange Traded Fund) l\u00e0 s\u1ea3n ph\u1ea9m k\u1ebft h\u1ee3p gi\u1eefa \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a qu\u1ef9 m\u1edf v\u00e0 c\u1ed5 phi\u1ebfu th\u00f4ng th\u01b0\u1eddng. \u0110\u00e2y l\u00e0 c\u00f4ng c\u1ee5 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft, giao d\u1ecbch tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n nh\u01b0 c\u1ed5 phi\u1ebfu b\u00ecnh th\u01b0\u1eddng, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 mua b\u00e1n theo gi\u00e1 th\u1ecb tr\u01b0\u1eddng trong su\u1ed1t phi\u00ean giao d\u1ecbch. C\u1ea5u tr\u00fac \u0111\u1ed9c \u0111\u00e1o c\u1ee7a ETF cho ph\u00e9p t\u1ea1o l\u1eadp v\u00e0 mua b\u00e1n theo l\u00f4 l\u1edbn th\u00f4ng qua c\u01a1 ch\u1ebf “in-kind creation\/redemption”, gi\u00fap duy tr\u00ec m\u1ee9c ch\u00eanh l\u1ec7ch t\u1ed1i thi\u1ec3u gi\u1eefa gi\u00e1 th\u1ecb tr\u01b0\u1eddng v\u00e0 NAV.<\/p>\n Qu\u1ef9 ETF th\u01b0\u1eddng \u00e1p d\u1ee5ng ph\u00ed qu\u1ea3n l\u00fd th\u1ea5p h\u01a1n qu\u1ef9 m\u1edf truy\u1ec1n th\u1ed1ng nh\u1edd c\u01a1 ch\u1ebf v\u1eadn h\u00e0nh t\u1ef1 \u0111\u1ed9ng v\u00e0 kh\u00f4ng c\u1ea7n nhi\u1ec1u nh\u00e2n s\u1ef1 qu\u1ea3n l\u00fd. T\u00ednh thanh kho\u1ea3n cao, kh\u1ea3 n\u0103ng \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 khi\u1ebfn ETF tr\u1edf th\u00e0nh l\u1ef1a ch\u1ecdn h\u1ea5p d\u1eabn cho c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0 t\u1ed5 ch\u1ee9c.<\/p>\n M\u1eb7c d\u00f9 c\u00f9ng l\u00e0 c\u00f4ng c\u1ee5 \u0111\u1ea7u t\u01b0 theo ch\u1ec9 s\u1ed1, qu\u1ef9 m\u1edf v\u00e0 ETF c\u00f3 nh\u1eefng \u0111i\u1ec3m kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 trong c\u00e1ch th\u1ee9c v\u1eadn h\u00e0nh v\u00e0 \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ea7u t\u01b0.<\/p>\n Th\u1ecb tr\u01b0\u1eddng qu\u1ef9 \u0111\u1ea7u t\u01b0 ch\u1ec9 s\u1ed1 t\u1ea1i Vi\u1ec7t Nam \u0111ang ph\u00e1t tri\u1ec3n n\u0103ng \u0111\u1ed9ng v\u1edbi nhi\u1ec1u s\u1ea3n ph\u1ea9m \u0111a d\u1ea1ng, ph\u1ee5c v\u1ee5 nhu c\u1ea7u \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 trong n\u01b0\u1edbc. Hi\u1ec7n c\u00f3 7 qu\u1ef9 ETF n\u1ed9i \u0111\u1ecba \u0111ang ho\u1ea1t \u0111\u1ed9ng t\u00edch c\u1ef1c, m\u1ed7i qu\u1ef9 theo d\u00f5i m\u1ed9t ch\u1ec9 s\u1ed1 ri\u00eang bi\u1ec7t \u0111\u1ec3 t\u1ea1o c\u01a1 h\u1ed9i \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0.<\/p>\n C\u1ee5 th\u1ec3, danh s\u00e1ch c\u00e1c qu\u1ef9 ETF n\u1ed9i \u0111\u1ecba bao g\u1ed3m:<\/p>\n Khi l\u1ef1a ch\u1ecdn m\u1ed9t Qu\u1ef9 Index, vi\u1ec7c hi\u1ec3u r\u00f5 c\u00e1c ti\u00eau ch\u00ed quan tr\u1ecdng l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3. M\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 quan tr\u1ecdng m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n xem x\u00e9t k\u1ef9 l\u01b0\u1ee1ng tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh nh\u01b0:<\/p>\n T\u00ednh thanh kho\u1ea3n c\u1ee7a qu\u1ef9 ph\u1ea3n \u00e1nh kh\u1ea3 n\u0103ng chuy\u1ec3n \u0111\u1ed5i ch\u1ee9ng ch\u1ec9 qu\u1ef9 th\u00e0nh ti\u1ec1n m\u1eb7t nhanh ch\u00f3ng m\u00e0 kh\u00f4ng l\u00e0m \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 tr\u1ecb. Y\u1ebfu t\u1ed1 n\u00e0y \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 th\u00f4ng qua kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh h\u00e0ng ng\u00e0y v\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n (bid-ask spread). Qu\u1ef9 c\u00f3 thanh kho\u1ea3n t\u1ed1t th\u01b0\u1eddng duy tr\u00ec m\u1ee9c giao d\u1ecbch \u1ed5n \u0111\u1ecbnh, \u00edt bi\u1ebfn \u0111\u1ed9ng gi\u00e1 \u0111\u1ed9t ng\u1ed9t khi c\u00f3 l\u1ec7nh l\u1edbn.<\/p>\n \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n, vi\u1ec7c ch\u1ecdn qu\u1ef9 c\u00f3 thanh kho\u1ea3n cao gi\u00fap d\u1ec5 d\u00e0ng tho\u00e1t v\u1ecb th\u1ebf khi c\u1ea7n, \u0111\u1ed3ng th\u1eddi gi\u1ea3m thi\u1ec3u chi ph\u00ed giao d\u1ecbch do ch\u00eanh l\u1ec7ch gi\u00e1. Thanh kho\u1ea3n c\u00f2n ph\u1ea3n \u00e1nh m\u1ee9c \u0111\u1ed9 quan t\u00e2m c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ed1i v\u1edbi qu\u1ef9, g\u00f3p ph\u1ea7n \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng t\u1ed5ng th\u1ec3.<\/p>\n M\u1ee9c \u0111\u1ed9 t\u01b0\u01a1ng quan (tracking error) th\u1ec3 hi\u1ec7n \u0111\u1ed9 ch\u00ednh x\u00e1c trong vi\u1ec7c b\u00e1m s\u00e1t ch\u1ec9 s\u1ed1 tham chi\u1ebfu c\u1ee7a qu\u1ef9. Ch\u1ec9 s\u1ed1 n\u00e0y c\u00e0ng th\u1ea5p c\u00e0ng t\u1ed1t, ph\u1ea3n \u00e1nh kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd danh m\u1ee5c hi\u1ec7u qu\u1ea3 c\u1ee7a c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9.<\/p>\n C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng bao g\u1ed3m: ph\u01b0\u01a1ng ph\u00e1p sao ch\u00e9p danh m\u1ee5c, chi ph\u00ed giao d\u1ecbch, c\u1ed5 t\u1ee9c t\u1eeb c\u1ed5 phi\u1ebfu trong danh m\u1ee5c v\u00e0 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ecbnh k\u1ef3. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean xem x\u00e9t bi\u1ec3u \u0111\u1ed3 t\u01b0\u01a1ng quan gi\u00e1 qu\u1ef9 v\u1edbi ch\u1ec9 s\u1ed1 trong nhi\u1ec1u giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng kh\u00e1c nhau, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng th\u1eddi \u0111i\u1ec3m bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng.<\/p>\n Vi\u1ec7c l\u1ef1a ch\u1ecdn ch\u1ec9 s\u1ed1 tham chi\u1ebfu ph\u00f9 h\u1ee3p \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0. M\u1ed7i ch\u1ec9 s\u1ed1 c\u00f3 \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang v\u1ec1 quy m\u00f4 v\u1ed1n h\u00f3a, ng\u00e0nh ngh\u1ec1 v\u00e0 ti\u00eau ch\u00ed l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu.<\/p>\n V\u00ed d\u1ee5, VN30 t\u1eadp trung v\u00e0o nh\u00f3m c\u1ed5 phi\u1ebfu blue-chip, trong khi VN100 \u0111a d\u1ea1ng h\u01a1n v\u1edbi c\u00e1c doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u1ed1i chi\u1ebfu m\u1ee5c ti\u00eau \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u1edbi \u0111\u1eb7c t\u00ednh c\u1ee7a t\u1eebng ch\u1ec9 s\u1ed1, \u0111\u1ed3ng th\u1eddi xem x\u00e9t t\u00ednh \u0111\u1ea1i di\u1ec7n c\u1ee7a ch\u1ec9 s\u1ed1 \u0111\u1ed1i v\u1edbi ph\u00e2n kh\u00fac th\u1ecb tr\u01b0\u1eddng mong mu\u1ed1n. T\u1ea7n su\u1ea5t \u0111i\u1ec1u ch\u1ec9nh v\u00e0 t\u00ednh minh b\u1ea1ch trong c\u00e1ch t\u00ednh ch\u1ec9 s\u1ed1 c\u0169ng l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng c\u1ea7n c\u00e2n nh\u1eafc.<\/p>\n B\u01b0\u1edbc \u0111\u1ea7u ti\u00ean \u0111\u1ec3 ti\u1ebfp c\u1eadn Index Fund l\u00e0 l\u1ef1a ch\u1ecdn \u0111\u01a1n v\u1ecb ph\u00e2n ph\u1ed1i uy t\u00edn. T\u1ea1i Vi\u1ec7t Nam, c\u00e1c c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9 h\u00e0ng \u0111\u1ea7u nh\u01b0 VCBF, SSIAM hay VinaCapital \u0111\u1ec1u cung c\u1ea5p nhi\u1ec1u s\u1ea3n ph\u1ea9m ETF \u0111a d\u1ea1ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n m\u1edf t\u00e0i kho\u1ea3n ch\u1ee9ng kho\u00e1n t\u1ea1i m\u1ed9t c\u00f4ng ty m\u00f4i gi\u1edbi \u0111\u1ec3 b\u1eaft \u0111\u1ea7u giao d\u1ecbch. Vi\u1ec7c n\u00e0y c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n tr\u1ef1c tuy\u1ebfn th\u00f4ng qua website ho\u1eb7c \u1ee9ng d\u1ee5ng di \u0111\u1ed9ng c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n.<\/p>\n Sau khi ho\u00e0n t\u1ea5t th\u1ee7 t\u1ee5c \u0111\u0103ng k\u00fd, b\u01b0\u1edbc ti\u1ebfp theo l\u00e0 nghi\u00ean c\u1ee9u v\u00e0 ch\u1ecdn qu\u1ef9 ph\u00f9 h\u1ee3p v\u1edbi m\u1ee5c ti\u00eau \u0111\u1ea7u t\u01b0. Ch\u1eb3ng h\u1ea1n, n\u1ebfu mu\u1ed1n \u0111\u1ea7u t\u01b0 v\u00e0o nh\u00f3m c\u1ed5 phi\u1ebfu blue-chip, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 c\u00e2n nh\u1eafc VN30 ETF. V\u1edbi nh\u1eefng ai quan t\u00e2m \u0111\u1ebfn doanh nghi\u1ec7p v\u1eeba v\u00e0 nh\u1ecf, VNMidcap ETF s\u1ebd l\u00e0 l\u1ef1a ch\u1ecdn ph\u00f9 h\u1ee3p. \u0110i\u1ec1u quan tr\u1ecdng l\u00e0 t\u00ecm hi\u1ec3u k\u1ef9 v\u1ec1 c\u01a1 c\u1ea5u danh m\u1ee5c, ph\u00ed qu\u1ea3n l\u00fd v\u00e0 t\u00ednh thanh kho\u1ea3n c\u1ee7a qu\u1ef9 tr\u01b0\u1edbc khi ra quy\u1ebft \u0111\u1ecbnh.<\/p>\n V\u1ec1 ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u1eb7t l\u1ec7nh mua\/b\u00e1n ch\u1ee9ng ch\u1ec9 qu\u1ef9 ETF gi\u1ed1ng nh\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu th\u00f4ng th\u01b0\u1eddng tr\u00ean s\u00e0n, \u0111\u1ed3ng th\u1eddi n\u00ean \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ecbnh k\u1ef3 (DCA) \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng gi\u00e1. Thay v\u00ec d\u1ed3n m\u1ed9t kho\u1ea3n ti\u1ec1n l\u1edbn v\u00e0o m\u1ed9t th\u1eddi \u0111i\u1ec3m, vi\u1ec7c ph\u00e2n b\u1ed5 \u0111\u1ec1u \u0111\u1eb7n h\u00e0ng th\u00e1ng s\u1ebd gi\u00fap t\u1ed1i \u01b0u h\u00f3a gi\u00e1 mua trung b\u00ecnh trong d\u00e0i h\u1ea1n. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u0169ng c\u1ea7n thi\u1ebft l\u1eadp k\u1ebf ho\u1ea1ch t\u00e1i c\u00e2n b\u1eb1ng danh m\u1ee5c \u0111\u1ecbnh k\u1ef3 \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o t\u1ef7 tr\u1ecdng ph\u00e2n b\u1ed5 lu\u00f4n ph\u00f9 h\u1ee3p v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec1 ra.<\/p>\n1. Index Fund L\u00e0 G\u00ec? V\u00ed D\u1ee5<\/strong><\/span><\/h2>\n
2. Index Fund D\u00e0nh Cho \u0110\u1ed1i T\u01b0\u1ee3ng N\u00e0o?<\/strong><\/span><\/h2>\n
3. Index Fund Ho\u1ea1t \u0110\u1ed9ng Nh\u01b0 Th\u1ebf N\u00e0o?<\/strong><\/span><\/h2>\n
4. \u01afu \u0110i\u1ec3m V\u00e0 Nh\u01b0\u1ee3c \u0110i\u1ec3m C\u1ee7a Index Fund<\/strong><\/span><\/h2>\n
4.1 \u01afu \u0110i\u1ec3m<\/strong><\/span><\/h3>\n
4.1.1 Chi Ph\u00ed V\u1eadn H\u00e0nh T\u1ed1i \u01afu<\/strong><\/span><\/h4>\n
4.1.2 Danh M\u1ee5c \u0110a D\u1ea1ng H\u00f3a<\/strong><\/span><\/h4>\n
4.1.3 T\u00ednh Minh B\u1ea1ch V\u01b0\u1ee3t Tr\u1ed9i<\/strong><\/span><\/h4>\n
4.1.4 Thu H\u00fat V\u1ed1n Ngo\u1ea1i Hi\u1ec7u Qu\u1ea3<\/strong><\/span><\/h4>\n
4.2 Nh\u01b0\u1ee3c \u0110i\u1ec3m<\/strong><\/span><\/h3>\n
4.2.1 L\u1ee3i Nhu\u1eadn B\u1ecb Gi\u1edbi H\u1ea1n<\/strong><\/span><\/h4>\n
4.2.2 Quy\u1ec1n L\u1ee3i C\u1ed5 \u0110\u00f4ng H\u1ea1n Ch\u1ebf<\/strong><\/span><\/h4>\n
4.2.3 R\u1ee7i Ro Bi\u1ebfn \u0110\u1ed9ng Th\u1ecb Tr\u01b0\u1eddng<\/strong><\/span><\/h4>\n
4.2.4 Ch\u00eanh L\u1ec7ch Gi\u00e1<\/strong><\/span><\/h4>\n
5. Ph\u00e2n Lo\u1ea1i Index Fund<\/strong><\/span><\/h2>\n
5.1 Qu\u1ef9 \u0110\u1ea7u T\u01b0 Ch\u1ec9 S\u1ed1 D\u1ea1ng M\u1edf<\/strong><\/span><\/h3>\n
5.2 Qu\u1ef9 ETF<\/strong><\/span><\/h3>\n
5.3 Ph\u00e2n Bi\u1ec7t Qu\u1ef9 M\u1edf V\u00e0 Qu\u1ef9 ETF<\/strong><\/span><\/h3>\n
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\n Ti\u00eau ch\u00ed<\/strong><\/td>\n Qu\u1ef9 m\u1edf<\/strong><\/td>\n Qu\u1ef9 ETF<\/strong><\/td>\n<\/tr>\n \n Ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch<\/td>\n Giao d\u1ecbch tr\u1ef1c ti\u1ebfp v\u1edbi c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9. Gi\u00e1 mua\/b\u00e1n d\u1ef1a tr\u00ean NAV (Net Asset Value) c\u1ee7a ng\u00e0y giao d\u1ecbch.<\/td>\n Giao d\u1ecbch tr\u1ef1c ti\u1ebfp v\u1edbi c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9. Gi\u00e1 mua\/b\u00e1n d\u1ef1a tr\u00ean NAV (Net Asset Value) c\u1ee7a ng\u00e0y giao d\u1ecbch.<\/td>\n<\/tr>\n \n Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0<\/td>\n C\u00f3 th\u1ec3 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ch\u1ee7 \u0111\u1ed9ng ho\u1eb7c th\u1ee5 \u0111\u1ed9ng, t\u00f9y v\u00e0o m\u1ee5c ti\u00eau v\u00e0 chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a qu\u1ef9.<\/td>\n Ch\u1ee7 y\u1ebfu l\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng, theo d\u00f5i ch\u1ec9 s\u1ed1 ho\u1eb7c ng\u00e0nh c\u1ee5 th\u1ec3.<\/td>\n<\/tr>\n \n Chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng<\/td>\n Th\u01b0\u1eddng c\u00f3 chi ph\u00ed cao h\u01a1n do c\u00e1c kho\u1ea3n ph\u00ed qu\u1ea3n l\u00fd, chi ph\u00ed giao d\u1ecbch v\u00e0 c\u00e1c ph\u00ed kh\u00e1c.<\/td>\n Chi ph\u00ed th\u1ea5p h\u01a1n nh\u1edd v\u00e0o chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ee5 \u0111\u1ed9ng v\u00e0 giao d\u1ecbch tr\u00ean s\u00e0n.<\/td>\n<\/tr>\n \n \u0110\u1ecbnh gi\u00e1<\/td>\n Gi\u00e1 c\u1ee7a qu\u1ef9 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh m\u1ed9t l\u1ea7n m\u1ed7i ng\u00e0y d\u1ef1a tr\u00ean NAV.<\/td>\n Gi\u00e1 c\u1ee7a ETF thay \u0111\u1ed5i li\u00ean t\u1ee5c trong ng\u00e0y, ph\u1ea3n \u00e1nh cung c\u1ea7u tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/td>\n<\/tr>\n \n T\u00ednh thanh kho\u1ea3n<\/td>\n Th\u1ea5p h\u01a1n v\u00ec ch\u1ec9 c\u00f3 th\u1ec3 mua b\u00e1n t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00f3ng c\u1eeda c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/td>\n Cao h\u01a1n v\u00ec c\u00f3 th\u1ec3 giao d\u1ecbch m\u1ecdi l\u00fac trong ng\u00e0y khi th\u1ecb tr\u01b0\u1eddng m\u1edf c\u1eeda.<\/td>\n<\/tr>\n \n Mua\/b\u00e1n<\/td>\n Mua\/b\u00e1n tr\u1ef1c ti\u1ebfp qua c\u00f4ng ty qu\u1ea3n l\u00fd qu\u1ef9, c\u00f3 th\u1ec3 m\u1ea5t v\u00e0i ng\u00e0y l\u00e0m vi\u1ec7c \u0111\u1ec3 th\u1ef1c hi\u1ec7n giao d\u1ecbch.<\/td>\n Mua\/b\u00e1n qua m\u00f4i gi\u1edbi tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n, gi\u1ed1ng nh\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu.<\/td>\n<\/tr>\n \n Ph\u01b0\u01a1ng th\u1ee9c t\u00e1i \u0111\u1ea7u t\u01b0<\/td>\n C\u00f3 th\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c t\u1ef1 \u0111\u1ed9ng ho\u1eb7c chuy\u1ec3n ti\u1ec1n v\u1ec1 t\u00e0i kho\u1ea3n nh\u00e0 \u0111\u1ea7u t\u01b0.<\/td>\n T\u00e1i \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c t\u1ef1 \u0111\u1ed9ng ho\u1eb7c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 b\u00e1n v\u00e0 t\u00e1i \u0111\u1ea7u t\u01b0 theo \u00fd mu\u1ed1n.<\/td>\n<\/tr>\n \n Qu\u1ea3n l\u00fd<\/td>\n \u0110\u01b0\u1ee3c qu\u1ea3n l\u00fd ch\u1ee7 \u0111\u1ed9ng b\u1edfi c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd qu\u1ef9, c\u00f3 th\u1ec3 c\u00f3 s\u1ef1 thay \u0111\u1ed5i trong danh m\u1ee5c \u0111\u1ea7u t\u01b0.<\/td>\n \u0110\u01b0\u1ee3c qu\u1ea3n l\u00fd th\u1ee5 \u0111\u1ed9ng theo ch\u1ec9 s\u1ed1, kh\u00f4ng c\u00f3 s\u1ef1 thay \u0111\u1ed5i nhi\u1ec1u trong danh m\u1ee5c.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 6. C\u00e1c Qu\u1ef9 \u0110\u1ea7u T\u01b0 Theo Ch\u1ec9 S\u1ed1 Index Fund T\u1ea1i Vi\u1ec7t Nam<\/strong><\/span><\/h2>\n
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\n M\u00e3 ETF<\/strong><\/td>\n Th\u1eddi \u0111i\u1ec3m th\u00e0nh l\u1eadp<\/strong><\/td>\n \u0110\u01a1n v\u1ecb qu\u1ea3n l\u00fd<\/strong><\/td>\n Ch\u1ec9 s\u1ed1 tham chi\u1ebfu<\/strong><\/td>\n<\/tr>\n \n E1VFVN30<\/td>\n 06\/10\/2014<\/td>\n VFM<\/td>\n VN30<\/td>\n<\/tr>\n \n FUEMAV30<\/td>\n 08\/12\/2020<\/td>\n Mirae Asset<\/td>\n VN30<\/td>\n<\/tr>\n \n FUESSV30<\/td>\n 12\/08\/2020<\/td>\n SSI<\/td>\n VN30<\/td>\n<\/tr>\n \n FUESSV50<\/td>\n 10\/12\/2014<\/td>\n SSI<\/td>\n VNX50<\/td>\n<\/tr>\n \n FUEVN100<\/td>\n 16\/06\/2020<\/td>\n VinaCapital<\/td>\n VN100<\/td>\n<\/tr>\n \n FUESSVFL<\/td>\n 24\/02\/2020<\/td>\n SSI<\/td>\n VNFIN LEAD<\/td>\n<\/tr>\n \n FUEVFVND<\/td>\n 22\/04\/2020<\/td>\n VFM<\/td>\n VN Diamond<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 7. Ti\u00eau Ch\u00ed C\u1ea7n Xem X\u00e9t Khi Ch\u1ecdn Index Fund<\/strong><\/span><\/h2>\n
7.1 T\u00ednh Thanh Kho\u1ea3n C\u1ee7a Qu\u1ef9 Index Fund<\/strong><\/span><\/h3>\n
7.2 M\u1ee9c \u0110\u1ed9 T\u01b0\u01a1ng Quan V\u1edbi Ch\u1ec9 S\u1ed1<\/strong><\/span><\/h3>\n
7.3 Ch\u1ec9 S\u1ed1 Qu\u1ef9 Index Fund M\u00f4 Ph\u1ecfng<\/strong><\/span><\/h3>\n
8. C\u00e1ch \u0110\u1ea7u T\u01b0 V\u00e0o Index Fund<\/strong><\/span><\/h2>\n