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RCS - VinaCapital Vietnam - Edison issues update on VinaCapital VOF

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RNS Number : 9169H  VinaCapital Vietnam Opportunity Fd.  02 August 2023

London, UK, 2 August 2023

 

Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF)

VinaCapital Vietnam Opportunity Fund's (VOF's) sterling net asset value (NAV)
per share decreased by 8.8% over the year ending June 2023 in total return
(TR) terms, outperforming the Vietnam VN Index and its direct peers in a tough
environment. The Vietnamese economy recently experienced headwinds from a
liquidity crunch in the real estate industry, which represents roughly a fifth
of Vietnam's equity market capitalisation and a fourth of VOF's NAV, as well
as from slowing exports. That said, the downside protections embedded in many
of VOF's investments provide the fund with a certain cushion against these
real estate sector challenges. VOF's shares trade at a 14% discount to NAV
(broadly in line with the long-term average) and offer a 2.6% dividend yield.

 

VOF is an attractive play in Vietnam's long-term growth story, while at the
same time offering downside protection during periods of short-term market
headwinds through structuring investments on private terms (c 80% of VOF's
investments have been initially made into private companies). In addition to a
layer of safety, these arrangements often include terms that generate
recurring income and therefore assisting VOF's dividend payments.

Click here
(https://www.edisongroup.com/research/a-specialist-investor-in-the-frontier-market/32547/)
to view the full report.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first company in-market 17 years ago, Edison has more than 100
employees and covers every economic sector. Headquartered in London, Edison
also has offices in New York, Sydney and Wellington.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milosz Papst +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)
Michal Mordel +44 (0)20 3077 5700 investmenttrusts@edisongroup.com

 

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

 

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