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 April 2013, the Fund’s NAV per share was US$10.84. With a 1.31% MoM increase, the Fund was up 14.59% YTD, 8.4% since inception and continued to lead the benchmark VN-Index (in US$), recording an outperformance of 4.63% MoM, 0.34% YTD and 73.6% 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 26/04/2013
| NAV/Share | Total NAV | Change (%) | ||||||||||
| 1 M | 3 M | 6 M | YTD | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y | Since Inception | |||
| VVSF | 10.84 | 4 | 1.3 | 4 | 17.1 | 14.6 | 15.4 | 43.2 | 14 | 78 | 38.8 | 8.4 |
| VN-Index (USD) | - | - | -3.3 | -1.5 | 21.6 | 14 | -0.2 | -2.5 | -20.7 | 25.3 | -30.1 | -65.2 |
Fund Breakdown
Sector Breakdown
