VinaCapital has recently reported the operation performance of three funds namely VNI, VNL and VOF as of the end of June 2012 whereby till June 30, the total net asset value (NAV) of these three funds reached $1.52 billion, rising 0.7 percent from the end of May.
In particular, the NAV of VOF increased $7 million, VNI up $17.1 million while VNL saw a fall of $13.3 million.
VOF – VinaCapital Vietnam Opportunity Fund
In June, VOF’s NAV rose by 1 percent to $749.9 million but if calculating in the second quarter of this year, the fund’s NAV declined 0.5%. In June, the fund’s investment in capital market and unlisted companies increased 3.9 percent and 2.1 percent respectively while its investment in real estate dropped 3.8%.
EIB, VNM and KDC posted the best growth in month, at 6.7%, 1.7 percent and 5.1%. These shares also accounted for the biggest proportion in VOF’s portfolio with 7.5 percent for EIB, VNM at 7.6 percent and KDC at 3.7%.
NAV per fund certificate as of June 30 reached $2.4, rising 1.9 percent from the end of May. Meanwhile, the market price was $1.48 per unit, down 4.5 percent on month. The fund’s discount rate was -38.3%.
From early this year so far, while the VN Index increased 21.1%, VOF’s NAV increased 9.1%. The fund’s cash till June 30 was about $39 million.
VNI – Vietnam Infrastructure Limited
As of June 30, VNI’s NAV was $209.6 million, rising 8.9 percent from the end of May and surging 9.7 percent over the end of the first quarter this year.
NAV per fund certificate was $0.52 while the market price was $0.209. The discount rate was -60%.
In Q2/2012, the fund’s investment in unlisted companies increased from $77.5 million to $100.2 million or from 40.6 percent to 47.8%. Meanwhile, the fund’s investment proportion in listed companies virtually remained unchanged.
Till the end of June, VNI’s cash was $31.6 million.
VNL – VinaLand Limited
While the NAV of two funds (VOF and VNI) increased in month, the NAV of VNL declined 1.7 percent in June, to hit $560.3 million. In Q2/2012, the fund’s NAV also declined 2.3%.
NAV per fund certificate was $1.14 while the market price was $0.48. The discount rate was -57.9%.
In June, VNL bought back 1.63 fund certificates, lifting the total holding to over nine million units. The volume of fund certificates in the market was 490.96 million units.