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 May 2013, the Fund’s NAV per share was RM 0.8069 (US$ 0.2641). With a 11.98% MoM increase, the Fund was still up 34.69% YTD, 61.38% since inception, the Fund continues to lead the benchmark VN-Index (in US$), recording an outperformance of 3.55% MoM, 9.3% YTD and 113.87% since inception.
|Structure||Malaysia registered open-ended unit trust|
|Launch Date||February 2008|
|Annual Management Fee||Up to 3.5% pa of NAV calculated on a daily basis (payable monthly)|
|Initial Minimum Investment||RM50,000|
|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|
As of day 29/05/2013
|NAV/Share||Total NAV||Change (%)|
|1 M||3 M||6 M||YTD||1 Y||2 Y||3 Y||4 Y||5 Y||Since Inception|