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
August: Market Recovers Despite Unresolved Global Issues
Global issues continued to fester in August, as the trade war between the US and China developed further, while the currencies of countries such as Turkey and Argentina tumbled amidst investor concern about the foreign debt of emerging market countries, trade, and, in the case of Turkey, political risk. Vietnam was not immune to the ongoing turmoil, although it suffered much less from a relative stand point; the Vietnam Dong depreciated just 0.07%, and – somewhat surprisingly – the stock market fared much better than others, with the VN Index rebounding from prior months losses to end August up 3.4% in USD terms. The fund’s net asset value (NAV) per share rose to USD5.45, rising 3.6% month-on-month and slightly outperforming the Index.