SAM Q3 2014 Fund Performance Press Release

SAM 27th October, 2014

(Ho Chi Minh City, Vietnam) Saigon Asset Management (SAM), the investment manager of two Stuttgart listed investment funds, Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), is pleased to announce the year to date performance through September 30, 2014 of its two funds. Both VEH and VPH were in the top three best performing Vietnam focused funds, as calculated by LCF Rothschild.

VEH saw NAV per share growth of 27% in US Dollar terms (38.5% in Euro and 28.3% in Vietnam Dong), over 40% higher than the Vietnam Index, which increased 19.2%.

“We are pleased with the results as our strategy of balancing between the steady large caps and performing midcaps paid off,” commented Louis Nguyen, CEO and Chairman of Saigon Asset Management, the manager of VEH. “PVD and HPG were the two excellent performers that led our large cap holdings. In the midcaps, NBB, DQC, and PVE contributed significantly to the outperformance. We believe all these companies still have much upside potential as they are all well managed firms led by experienced teams, who believe in continuous improvements without sacrificing governance.”

Meanwhile, VPH has enjoyed NAV growth of 39% in US Dollar terms (48.9% in Euro and 40.3% in Vietnam Dong). This increase is more than double that of the Vietnam Index.

“We are delighted to see real estate as a sector demonstrating a major come back year to date,” explained Louis Nguyen of SAM, also the manager of VPH. “Our star performers were midcaps such as NBB, D2D, and DRH, which year-to-date returned 82%, 71% and 78% respectively. We like these midcaps as they generally have favorable valuations but often lack liquidity. This becomes a nonissue when the companies grow and liquidity improves.”

About Saigon Asset Management

Established in 2007, Saigon Asset Management (SAM) is investment manager of Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), both domiciled in the Cayman Islands and listed on the Stuttgart stock exchange. SAM provides solutions in investment management and advisory services that are performance focused while adhering to the highest levels of business ethics. SAM maintains a representative office in Ho Chi Minh City and employs over 20 investment professionals with diverse international financial backgrounds and proven track records. For more information, please visit our website at www.saigonam.com

 

Vietnam Focused Fund Dollar NAV Performances to 30th September 2014

Fund NameFund Manager% NAV growth (USD)Fund Size ($ million)
Vietnam Property Holding Saigon Asset Management 39.0 21
Lumen Vietnam Fund CBR Investment AG 27.4 22
Vietnam Equity Holding Saigon Asset Management 27.0 87
Vietnam Holding Ltd Vietnam Holding AM 24.4 134
VF4 Vietnam Blue-Chips Fund VietFund Management 23.9 40
Vietnam Emerging Equity Fund PXP Asset Management 23.7 41
Fullerton Vietnam Fund Fullerton Fund Management 20.9 38
VF1 Vietnam Securities Fund VietFund Management 20.8 104
Vietnam Fund PXP Asset Management 19.5 90
JP Morgan Vietnam Opportunities Fund JP Morgan Asset Management 19.3 122
Vietnam Index 19.2
Market Vectors Vietnam ETF Van Eck Associates 19.2 431
Vietnam Growth Fund Dragon Capital 18.9 321
Vietnam Infrastructure VinaCapital 18.3 233
Blackhorse Enhanced Vietnam Inc Blackhorse Asset Management 15.4 18
Vietnam Enterprise Investment Limited Dragon Capital 15.3 568
Vietnam Opportunity Fund VinaCapital 13.5 809
MSCI FM 13.1
Manulife Progressive Fund Manulife Asset Management 12.2 10
DWS Vietnam Fund Deutsche Asset Management 11.0 350
Vietnam Emerging Market Fund Vietnam Asset Management Ltd 7.6 9
Vietnam Azalea Fund Mekong Capital 6.0 64
Vietnam Property Fund Dragon Capital 5.5 69
Vietnam Resource Investments Dragon Capital 4.2 4
Hong Leong Vietnam Fund Hong Leong Asset Management 3.3 4
Vietnam Debt Fund SPC Dragon Capital 2.6 28
Vinaland VinaCapital 0.0 415
Vinaland ZDP VinaCapital -1.2 25
Aseana Properties Limited Aseana Management -2.5 155
Source: LCF Rothschild, 30th September 2014