Structure

Initially a Cayman Islands registered closed-end investment fund. Converted to an open-end mutual fund on 14 June 2013

Date of Incorporation

9 August 2007

Subscriptions

Applications may be made prior to each Dealing Day (first business day of each calendar month)

Minimum Initial Subscription

USD $100,000 or its equivalent in another currency

Redemptions

Quarterly with a minimum of sixty (60) days written notice submitted to the Administrator

Redemption Restrictions

Up to 15% of the Fund’s issued and outstanding shares will be available for each redemption.  Redemption requests may need to be processed pro-rata based on the amount of requests received; Settlement is thirty (30) days after the Redemption Date.

Redemption Fee

3% of NAV of the redeemed Shares

Total Number of Shares Outstanding

922.182 (as of June 2020)

Total Net Asset Value

EUR 3.306.236 (as of 30 June 2020)

Free Float

100.0%

Financial Year End

31 December

Accounting Standard

IFRS

Auditor

Grant Thornton (Cayman Islands)

NAV Frequency

Monthly

Management Fee

2% of NAV

Performance Fee

20% of gains over 8% hurdle with a high water mark

Legal Counsel

Walkers

Administrator
Custodian

Deutsche Bank (Cayman) Ltd
Deutsche Bank AG, Ho Chi Minh City Branch

Clearing / Settlement

Euroclear / Clearstream

Market Makers

Jefferies International
+44 207 898 7127
www.jefferies.com, invcos@jefferies.com

 

Renell Bank, Frankfurt
+49 69 133 8765-0
www.renellbank.com/en, info@srenellbank.com

ISIN

KYG936251043

Bloomberg Code

3MS:GR

Reuters Code

3MS.DE

Management Board and Functions

Saigon Asset Management is the Investment Manager of the Fund subject to the overall policies, control, direction, review, instructions and supervision of the Board of Directors.

Board of Directors

Mr. Clemens Zankel – Chairman & Independent Non-Executive Director

Mr. Alpay Ece – Independent Non-Executive Director

Ms. Claire Heathfield – Independent Non-Executive Director

Description of the Business

The investment objective of the Fund is to achieve capital appreciation by making equity investments in companies with significant interests in Vietnam. Specifically, the Fund intends to invest in equity securities of publicly and privately owned companies, over-the-counter (OTC) companies, listed companies, and debt securities. The Fund aims to invest in a diversified and balanced portfolio that should achieve above average returns at an acceptable level of risk, give rise to long-term and short-term returns, and be capable of yielding recurrent earnings and/or capital gains.