At the end of March, the Fund’s NAVPS increased by 3.7% MTD, while VN-Index also rose 3.9% over the same period. Some industries with a high proportion in DCBC’s portfolio such as Financial services (+15.4%), Real estate (+12.7%), and Banking (+6.2%) had good growth in the past month.
In March, the Fund also restructured its portfolio by increasing the proportion of key industries such as Financial services and Real estate as these two sectors were mainly affected by the recent market drop. However, in recent times, the Government has taken many drastic measures to support Real estate to recover. On the secondary market, many Real estate transactions have started to turn around. Although the recovery process will take a long time, it also shows that the situation is unlikely to get worse in the near future. It is understandable that highly cyclical industries such as Real estate or Securities have bounced back recently. The Fund will continue to maintain a flexible investment strategy in current conditions to seize opportunities in the short term. DCBC will also liquidate stocks that meet profit expectations and allocate cash to potential opportunities in the near future.