Relentless pursuit of value through local expertise

Vietnam Special Situation Fund

Fund Details

Fund Details SAM
Target Return (%) 20%/annum
Fund Currency & Size Target USD 50mn
Max. Sales Charge  4%
Annual Management Fee 1.5%
Min. Subscription USD 1mn
Expected Closing December 2019

Track Record: VEH versus VN Index

Track Record: VEH versus VN Index
  • This fund invests primarily in Vietnam listed equity securities.
  • The fund is subject to investment, equities, foreign currency risk and the risks of investing in emerging markets specific to Vietnam market. The fund's investments are concentrated in Vietnam, and the value of the fund may be more volatile. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note.
  • This fund can invest in derivative instruments which may involve additional risks (for example, leverage may cause greater volatility).
  • Investors may suffer substantial loss of their investment in the fund. Investors should not invest in the fund solely based on the information provided in this document and should read the prospectus (including potential risks involved) for details.

Investment Objective

The fund aims to achieve long-term capital gain through investing primarily in undervalued securities of companies having their head office or exercising a predominant part of their activities in Vietnam.

Investment Strategy

  • Strong fundamental companies with good balance sheets in a growing sector
  • Management with active stake, and that can be trusted
  • Low valuation (P/E, EV/EBITDA): significant discount versus market multiples
  • Robust average sales and earnings growth
  • Dividend yield protection/enhancement
  • Concentration: portfolio to consist of 15-20 thoroughly vetted stocks