Funds and Services
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 April 2013, the Fund’s NAV per share was US$7.36. Despite a 1.87% MoM decrease, the Fund's NAV was up 7.76% YTD. The Fund continued to lead the benchmark VN-Index (in US$), recording an outperformance of 1.37% MoM, and 41.85% since inception.
|Structure||Cayman registered open-ended fund|
|Launch Date||February 2007|
|NAV Frequency||Monthly (Within first 5 business days)|
|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|
|Legal Advisor (Cayman Islands)||Maples & Calder|
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|