reports
Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF): Co...
Edison Investment Research Limited Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF): Continues to outperform its benchmark 22-Nov-2023 / 16:44 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 22 November 2023 Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF): Continues to outperform its benchmark VinaCapital Vietnam Opportunity Fund (VOF) posted a one-year NAV TR in US dollars to end-October 2023 of 13.1%, versus 2.8% for the VN Index, as a result of the rebound from last year’s market trough. VO...
- Pedro Fonseca
VinaCapital Vietnam Opportunity Fund - Continues to outperform its ben...
VinaCapital Vietnam Opportunity Fund (VOF) posted a one-year NAV TR in US dollars to end-October 2023 of 13.1%, versus 2.8% for the VN Index, as a result of the rebound from last year’s market trough. VOF’s NAV TR since end-2022 of 9.1% was driven by financials and materials investments. Given the improving outlook for real estate and several of VOF’s portfolio companies in the sector, VOF reversed US$26.8m of the US$52.9m in write-downs recognised in the December 2022 interim report. VOF contin...
- Pedro Fonseca
VinaCapital Vietnam Opportunity Fund - A specialist investor in the fr...
VinaCapital Vietnam Opportunity Fund’s (VOF’s) sterling net asset value (NAV) per share decreased by 8.8% over the year ending June 2023 in total return (TR) terms, outperforming the Vietnam VN Index and its direct peers in a tough environment. The Vietnamese economy recently experienced headwinds from a liquidity crunch in the real estate industry, which represents roughly a fifth of Vietnam’s equity market capitalisation and a fourth of VOF’s NAV, as well as from slowing exports. That said, th...
- Pedro Fonseca
VinaCapital Vietnam Opportunity Fund - Private holdings provide resili...
VinaCapital Vietnam Opportunity Fund (VOF) posted a -17.1% sterling NAV total return (TR) over the 12 months to end-November, outperforming the Vietnam VN Index (-28.0% TR in sterling and -29.0% in local currency), and its two London-listed peers, amid an increase in global market volatility. The manager, VinaCapital, believes that in 2022 Vietnam’s stock market has sold off consistently with global markets. Recent volatility and selling pressure has been exacerbated by margin calls triggered fo...
- Pedro Fonseca
VinaCapital Vietnam Opportunity Fund - Vietnam carves its own post-COV...
VinaCapital Vietnam Opportunity Fund (VOF) has continued to perform well in NAV terms amid an increase in global market volatility, building on strong returns in 2021 (sterling NAV total return of 37.9% in 2021, ahead of the 32.6% return by the benchmark VN Index), although its share price has lagged the market as geopolitical fears have weighed on sentiment, causing the discount to NAV to widen materially. Although many commentators expect high energy prices, US monetary tightening and a potent...
VinaCapital Vietnam Opportunity Fund Limited : 1 director
A director at VinaCapital Vietnam Opportunity Fund Limited maiden bought 8,000 shares at 523p and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's director...
- Pedro Fonseca
VinaCapital Vietnam Opportunity Fund - Riding the new Asian tiger
VinaCapital Vietnam Opportunity Fund (VOF) has benefited from its differentiated mix of listed and private investments during a volatile year for global stock markets. The authorities’ strong response to the COVID-19 pandemic has meant the human impact on Vietnam has been limited, and the main stock market index is up 11.3% year-to-date (to 16 December) as foreign investors have begun to return. However, VOF’s NAV total return is up 21.3% over the same period (all in GBP), thanks to the greater ...
- Pedro Fonseca
VinaCapital Vietnam Opportunity Fund - Strong deal flow underlines pri...
VinaCapital Vietnam Opportunity Fund (VOF) is a well-established, FTSE 250 Vietnam specialist fund that invests primarily via privately negotiated deals, with four major deals recently signed or close to completion. The manager takes a fundamental, bottom-up approach and invests on a medium-term view, which leads to many holdings becoming listed while in the portfolio. Longer-term NAV total returns have been good; VOF’s 10.9% pa return over 10 years compares favourably with the VN Index’s 10...
- Gavin Wood
VinaCapital Vietnam Opportunity Fund - Fundamentals suggest promising ...
VinaCapital Vietnam Opportunity Fund (VOF) is a large, well-established Vietnam specialist investment fund, differentiated by its focus on private deal sourcing. NAV total returns have been particularly strong over the last three years, and are ahead of VN Index and peer returns over the last 12 months, when markets have been volatile. VOF’s share price discount to NAV has narrowed, but it remains wider than the peer group average. The board has taken steps to address the discount, moving VOFâ...
- Gavin Wood
VinaCapital Vietnam Opportunity Fund - Strong market fundamentals expe...
VinaCapital Vietnam Opportunity Fund (VOF) is one of the oldest and largest Vietnam specialist investment companies and is now a FTSE 250 index constituent. Investing across asset classes – listed and unlisted equity, private equity and real estate – VOF’s approach is differentiated by its focus on private deal sourcing, where its investment team has extensive experience. In sterling terms, VOF’s NAV total returns have been strong over the last three years. While lagging the Vietnamese s...
VinaCapital Vietnam Opportunity Fund - Targeting Vietnam’s growth po...
VinaCapital Vietnam Opportunity Fund (VOF) is one of the largest specialist Vietnam funds. VOF invests primarily in public and private equity, with a smaller percentage in real estate. Management believes the fund’s key differentiator to be the access it offers to off-market deals. VOF provides broad exposure to Vietnam’s economic growth prospects. It focuses on domestic sectors that are well positioned to benefit from continued urbanisation and investment-led economic development, most nota...
Review: Listed equities lead recovery
VinaCapital Vietnam Opportunity Fund (VOF) is designed to give investors broad exposure to the Vietnamese economy through a diversified multi-asset portfolio. VOF is a large, liquid investment company traded on AIM. The Vietnam Index has been a strong performer this year (total return 22% to 29 September compared with 3% for emerging markets). The VOF listed equity portfolio nearly matched the index to end August, but overall NAV performance has been held back by the property and unlisted exposu...
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