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.
|Structure||Cayman registered closed-ended fund|
|Launch Date||September 2007|
|Annual Management Fee||2% of NAV (payable monthly)|
|Performance Fee||15% of annual positive increase in NAV with high water mark|
|Manager||Vietnam Asset Management Limited|
|Administrator||HSBC Trustee (Cayman) Limited|
|Custodian||HSBC Trustee (Cayman) Limited|
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|