Public investment funds report NAV

Till June 12, public investment funds in Vietnam especially foreign funds posted a strong Net Asset Value (NAV) with an average increase of 31.5 percent while the VN Index grew by 58.6 percent, according to the LCF Rothschild’s latest report about the newly emerging market funds on June 15.

The strongest NAV gainer was Blackhorse Enhanced Vietnam Inc with 65.7 percent whilst NAV of HLG Vietnam Fund jumped 54.8 percent and PXP Vietnam Fund up 55.2 percent, MAPF1 40.2 percent, FTSE Vietnam Index ETF 46 percent and HS-VAM Vietnam Index Linked Fund 40.5 percent.

Notably, among NAV gainers, there are three new funds namely FTSE Vietnam Index ETF, HLG Vietnam Index and HS-VAM Vietnam Index Linked Fund with a small NAV scope of $82 million, $2 million and $4 million correspondingly up to June 12, investing in fixed income.

Especially VinaCapital Vietnam Fixed Income Fund posted a rise of 2.1 percent in NAV and PRUBF1 with 4.9 percent.

The group of three funds focusing on investment in private equity performed the average NAV growth of negative 3.1 percent. NAV of Mekong Enterprise Fund was nearly unchanged from the last year end, PCA Vietnam Segregated Portfolio NAV down 8.1 percent and Vietnam Resource Investments tumbling 1.3 percent.

 

Category: Finance