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Published on Sep 29, 2016
Andy Ho, chief executive (CEO) of VinaCapital Vietnam Opportunity Fund (LON:TMP1), extols the virtues of investing in Vietnam.
“Vietnam’s been very fortunate. It’s GDP’s been growing about six to six-and-a-half per cent per annum,” Ho explained.
The Vietnam Opportunity Fund (VOF) has outperformed the Vietnam benchmark index quite significantly, with a 30% increase in net asset value per share over the last year.
The fund is able to secure large positions in private companies and uses its experience to help those companies grow.
“Our strategy is to find businesses that are growing; we’re not here to restructure a business, or anything like that. We invest in growth capital,” Ho explains, adding that the usual form is to spend two to four years preparing the company to go public or, in some cases, buffing it up to a state where it gets bought by a competitor.
The fund’s selection process has not changed down the years though as the size of the fund has grown, the range of companies it can consider investing in has expanded.
Vinacapital recently moved from Aim to the main market to boost its appeal to retail investors and to increase its chances of being included in stock market indices, which would see the stock being picked up by the relevant index-tracking funds.
“We’re beginning to see some of this [expected] impact on the fund,” Ho said.
http://www.4-traders.com/VINACAPITAL-VIETNAM-OPPOR-27113187/
vof-fund.com/
232p per share...new high for VinaCapital Vietnam Opportunity Fund $VOF:LN https://t.co/5tG9SJbAmY— Wexboy (@Wexboy_Value) September 16, 2016
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