Funds and Services
Hong Leong Vietnam Fund (“HLVF”), launched in 2008, is a Vietnam dedicated unit trust incorporated in Malaysia. The Fund invests in private, OTC and listed equities in Vietnam, on an actively-managed basis. The Fund's mandate also allows investments in convertible debts and other equity-linked instruments.
The Fund is open-ended, allowing for weekly subscriptions and redemptions.
As at the end of January 2012, the Fund’s NAV per share was RM 0.4826 (US$0.1555). With a 2% MoM increase, the Fund continues to lead the benchmark VN-Index (in US$), recording an outperformance of 61.06% since inception.
Fund Information
| Structure | Malaysia registered open-ended unit trust |
| Launch Date | February 2008 |
| Geographical Focus | Vietnam |
| Benchmark | VN-Index |
| NAV Frequency | Weekly |
| Base currency | RM |
| Annual Management Fee | Up to 3.5% pa of NAV calculated on a daily basis (payable monthly) |
| Performance Fee | None |
| Initial Minimum Investment | RM50,000 |
| Symbol | Bloomberg: HLGVIET:MK |
| Manager | Hong Leong Unit Trust BHD |
| External Investment Manager | Hong Leong Asset Management Sdn. Bhd |
| External Foreign Investment Manager | Vietnam Asset Management Limited |
| Trustee | BHLB Trustee Berhad |
| Custodian | CIMB Group Nominees (Tempatan) Sdn. Bhd (274740T) |
| Auditor | Ernst & Young (AF:0039) |
| Legal Advisor | Naqiz & Partners |
Performance
As of day 25/01/2012
| NAV/Share (U$) | Total NAV (U$m) | Change (%) | ||||||||||
| 1 M | 3 M | 6 M | YTD | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y | Since Inception | |||
| HLGVF | 0.4826 | 33,598,588.75 | 1.99 | -3.3 | -1.4 | 1.99 | -22.2 | -36.4 | -4.2 | 0 | 0 | -3.5 |
| VN-Index (MYR) | - | - | 5.47 | -7.3 | -5.2 | 5.47 | -28.9 | -38.2 | -10.2 | -67.1 | -75.2 | -64.5 |
Fund Breakdown
Sector Breakdown
