HO CHI MINH CITY -- The local stock exchange plans to launch covered warrants in the third quarter to expand investment choice and attract more foreign capital to the market.
Foreign investors are only allowed to hold 30-49% of some companies. As such, warrants will offer them another avenue to gain exposure to those stocks without breaching limits. Covered warrants, also known as options, give investors the right to buy or sell stock or an underlying asset at a particular price within a set time period.
