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
“It is better to dance in the rain than to sit under a leaking roof” – Vikrant Parsai
In November, the “Goldilocks” economic conditions (i.e., falling inflation and increasing growth) that emerged in Vietnam over the last few months accelerated. This helped drive a circa 25% increase in the VN-Index from late-July to late-November, or about double the increase relative to the MSCI EM index over the same period. For the month of November, the VN Index increased 8.7% (USD, total returns basis or $TR), and for the calendar year-to-date the benchmark is up 6.2% versus MSCI ASEAN which is down 12.5% for the year.