Investment companies - LSE - Mcap: £635.2m - Price: 434.0p - Review
VINACAPITAL VIETNAM OPPORTUNITY FUND
POSITIVE EARNINGS OUTLOOK IN VIETNAM
VinaCapital Vietnam Opportunity Fund’s (VOF’s ) sterling net asset value (NAV) per share increased by 9.1% over the year ending October 2024 in total return (TR) terms, compared to the Vietnamese equity market’s 14.1%, as measured by the VN Index. Vietnam’s equities are benefiting from increased interest from local retail investors, driven by low deposit rates, alongside favourable economic prospects, including a revival of exports. In 2024, Vietnam’s GDP growth is expected to accelerate and corporate earnings on average to grow at double-digits (LSEG Data & Analytics consensus). VOF’s shares trade at a 25% discount to NAV (vs a five-year average of 18%) and offer a 2.5% dividend yield.
VinaCapital Vietnam Opportunity Fund : Edison
Nov 12, 2024Disclaimer & Declaration of Interest
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