Vietnam Emerging Market Fund (“VEMF”), launched in 2007, is a Vietnam dedicated 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.

The Fund is open-ended, allowing for monthly subscriptions and redemptions.

As at the end of January 2012, the Fund’s NAV per share was US$5.78. With a 5.7% MoM increase, the Fund continues to lead the benchmark VN-Index (in US$), recording an outperformance of 31.95% since inception.

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Fund Information

Structure Cayman registered open-ended fund
Launch Date February 2007
Geographical Focus Vietnam
Benchmark VN-Index
NAV Frequency Monthly (Within first 5 business days)
Base currency US$
Annual Management Fee 2% of NAV (payable monthly)
Performance Fee 15% of annual positive increase in NAV with high water mark
Initial Minimum Investment US$100,000
Par Value Per Share US$10.00
Symbol ISIN: KYG 936131005; CUSIP: G93613100; Bloomberg: VAMVEMF KY Equity; Reuters: 65092798, Eurekahedge: EH27582
Manager Vietnam Asset Management Limited
Administrator Deutsche Bank AG Singapore
Custodian Deutsche Bank AG Vietnam
Auditor Grant Thornton
Legal Advisor (Cayman Islands) Maples & Calder

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
VEMF 5.78 6,329,458.78 5.7 -0.2 -3.8 5.7 -25.3 -35.3 -4.3 -46.5 0 -42.2
VN-Index (USD) - - 10.4 -7.8 -6.3 10.4 -29.5 -29.2 7 -65 -71.4 -74.2

Fund Breakdown

Fund Breakdown

Sector Breakdown

Sector Breakdown

 

 
Funds
Fund Valuation Date NAV/unit Returns (%) Inception date Structure Open frequency Bloomberg Reuters
MoM YTD 1 YR 2 YR 3 YR 4 YR Since Inception
VEMF 31/01/2012 USD 5.78 5.7 5.7 -25.3 -35.3 -4.3 -46.5 -42.2 28/02/2007 Open-Ended Monthly VAMVEMF KY Equity 65092798
VN-Index - - 10.4 10.4 -29.5 -29.2 7 -65 -74.2 - - - - -
HLGVF 25/01/2012 MYR 0.4826 1.99 1.99 -22.2 -36.4 -4.2 0 -3.5 18/02/2008 Open-ended Weekly HLGVIET:MK N/A
USD 0.1555
VN-Index - - 5.47 5.47 -28.9 -38.2 -10.2 -67.1 -64.5 - - - - -
VILF 18/01/2012 JPY 2,646 0.72 0.72 -45.29 -51.86 -41.16 0 -73.54 01/08/2008 Open-ended Weekly VAMINLI KY Equity N/A
USD 34.45
VII - - 4.68 4.68 -39.37 -50.71 -41.04 0 -72.06 - - - - -
VVSF 31/01/2012 USD 7.84 6.67 6.67 3.3 -15.3 32.7 -18.8 -21.6 30/09/2007 Closed-end N/A N/A N/A
VN-Index - - 10.42 10.42 -29.5 -29.2 7 -65 -71.7 - - - - -
Last updated: 09/02/2012

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