VOF
Share price | 500 |
Daily % Change | -0.79% |
NAV per share USD | 7.26 |
NAV per share GBP | 5.97 |
Total NAV USD (in millions) | 1,187.5 |
Total NAV GBP (in millions) | 975.2 |
Published NAV date | 30 June 2022 |
Dividend
Dividend (USD) | 8.0 cents |
Declaration date | 24 March 2022 |
Record date | 8 April 2022 |
Payment date | 10 May 2022 |
Go to Dividend Declaration |
With strong GDP growth, a stable macroeconomic environment, increasing exports, and record levels of foreign direct investment, it is easy to see why Vietnam is considered among the world’s most exciting markets. Half of the population of 95 million is under age 35, and an expanding middle class has created a compelling domestic consumption story that has attracted the attention of companies from around the globe.
VOF gives investors access to a range of carefully selected investments in the listed and private companies that are participating in, benefitting from, and driving the sustainable growth Vietnam is experiencing today.
Latest commentary from our fund manager
“You make most of your money in a bear market, you just don’t realize it at the time.” – Shelby Cullom Davis
This month’s newsletter continues with the wisdom of Shelby Cullom Davis¹, the mid-twentieth century American businessman, investor, and philanthropist from the state of New York, whose investment wisdom and wit remains prescient in these volatile times.
By the end of June, the Vietnam Index entered bear market territory, with a -21.2% decline year-to-date (USD total return terms ($TR), or -20.1% in VND simple terms). Other markets in the region also suffered steep declines during the first half of the year, with South Korea posting slightly larger losses (-27.4% $TR). Recall that Vietnam was the best performing market in the region for the previous two years, delivering +17.4% in 2020 and +39.0% in 2021 ($TR).