Two Stuttgart-listed investment funds, Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), both owned by Saigon Asset Management (SAM), have been ranked among the three best performing Vietnam-focused funds by LCF Rothschild.
Saigon Asset Management (SAM), the investment manager of two Stuttgart-listed investment funds - Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH) - has seen the two funds ranked among the Top 3 best performing Vietnam-focused funds as calculated the year to date performance through September 30, 2014 by LCF Rothschild.
VEH recorded NAV per share growth of 27 per cent in US dollar terms (38.5 per cent in euro and 28.3 per cent in Vietnam dong); over 40 per cent higher than the Vietnam Index, which increased 19.2 per cent. Mr Louis Nguyen, CEO and Chairman of SAM and manager of VEH and VPH, was particularly pleased with the strategy of balancing between steady large caps and performing midcaps. “PVD and HPG were two excellent performers that led our large cap holdings while, in the midcaps, NBB, DQC, and PVE contributed significantly,” he said.
Meanwhile, VPH enjoyed NAV growth of 39 per cent in US dollar terms (48.9 per cent in euro and 40.3 per cent in Vietnam dong), or more than double the Vietnam Index. “We are delighted to see real estate demonstrating a major comeback year-to-date,” said Mr Nguyen. “Our star performers were midcaps such as NBB, D2D, and DRH, which year-to-date returned 82 per cent, 71 per cent and 78 per cent, respectively.”