In June, the VN-Index adjusted slightly. The reason for this adjustment stemmed from profit-taking activities by investors, strong net selling by foreign investors, pressure on the USD/VND exchange rate, rising short-term interest rates, and a lack of supporting information ahead of the Q2 2024 earnings reporting season. Despite this, in the first half of 2024, the VN-Index still achieved an impressive growth of 10.2%, outperforming other markets in the region such as the Philippines' PCOMP (-0.6%), Indonesia's JCI (-2.9%), and Thailand's SET (-8.1%). The net asset value (NAV) per share of the DCDE fund decreased by -0.8% compared to the previous month. Overall, in the first half of 2024, the fund increased by +14.5%, surpassing the VN-Index (+10.2%) by 4.3%. In the past month, the fund increased its holdings in the Banking sector (accounting for 22.2% of NAV), followed by Retail (17.7% of NAV)… The highlight in the fund’s portfolio in June was ACV stock (Airports Corporation of Vietnam). With the strong recovery of the tourism industry, the demand for air travel has surged, boosting ACV's business activities. Additionally, the expansion and upgrading of infrastructure projects at key airports also contributed to a positive growth outlook for the fund's holding in ACV. In July, the DCDE fund continues its focused investment strategy, concentrating on identifying and holding stocks with sustainable growth potential, while also providing stable cash flow through cash dividends. This strategy aims to optimize returns and increase the fund's NAV, bringing maximum benefits to investors.