Funds and Services
VAM Vietnam Strategic Fund (“VVSF”), launched in 2007, is a Vietnam dedicated closed-end equity fund incorporated in the Cayman Islands. 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.
As at the end of January 2012, the Fund’s NAV per share was US$7.84. With a 6.67% MoM increase, the Fund continues to lead the benchmark VN-Index (in US$), recording an outperformance of 50% since inception.
Fund Information
| Structure | Cayman registered closed-ended fund |
| Launch Date | September 2007 |
| Geographical Focus | Vietnam |
| Benchmark | VN-Index |
| NAV Frequency | Monthly |
| Base currency | US$ |
| Annual Management Fee | 2% of NAV (payable monthly) |
| Performance Fee | 15% of annual positive increase in NAV with high water mark |
| Symbol | Eurekahedge: EH27668 |
| Manager | Vietnam Asset Management Limited |
| Administrator | HSBC Trustee (Cayman) Limited |
| Custodian | HSBC Trustee (Cayman) Limited |
| Auditor | Grant Thornton |
Performance
As of day 31/01/2012
| 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 | |||
| VVSF | 7.84 | 2,885,098.45 | 6.67 | 0.8 | 2.6 | 6.67 | 3.3 | -15.3 | 32.7 | -18.8 | 0 | -21.6 |
| VN-Index (USD) | - | - | 10.42 | -7.8 | -6.3 | 10.42 | -29.5 | -29.2 | 7 | -65 | -71.4 | -71.7 |
Fund Breakdown
Sector Breakdown
