Till May 31, 2012, the net asset value (NAV) of Deutsche Bank-managed DWS Vietnam Fund declined 2.6%, to reach $239.13 million, equalling to $0.4911 per fund certificate and the fund’s discount rate was also up to 52%, according to the announcement of DWS Vietnam Fund
In comparison with the end of April, the fund’s NAV decreased nearly $6.4 million, or 2.6%.
From early this year so far, the fund’s NAV has increased 22.3 percent and since its establishment (August 2006) so far, the fund’s NAV has declined up to 50.89%.
Currently, DWS Vietnam Fund’s certificate is being listed on Frankfurt Stock Exchange (Germany). As of May 31, the market price of each fund certificate was 0.19 euro (about $0.2356 per unit).
Thus, the fund’s discount rate (the gap between NAV value and price of fund certificate in the stock market) till the end of May was up to 52%. Thus, DWS Vietnam Fund together with Vinacapital-run Vietnam Infrastructure Limited (VNI) now has the second biggest discount rate amongst 17 foreign funds operating in Vietnam as of May 31, after VinaLand Limited (VNL).