In May, VN-Index increasing by +4.3% compared to the previous month, bringing its year-to-date growth to +11.7%. Strong domestic cash flow and positive investor sentiment helped the market avoid the "Sell in May" phenomenon.
The DCDE fund's Net asset value per share increased by +7.3% from the previous month, outperforming the VN-Index by 3%. Year-to-date, the fund has grown by +15.4%, exceeding the VN-Index's growth by 3.7%. Throughout the past month, the fund maintained a high allocation in the Banking sector (20.9% of NAV), followed by Retail (17.7% of NAV).
A highlight in the fund's portfolio in May was VEA ("Vietnam Engine and Agricultural Machinery Corporation"), which saw nearly a 27% increase since the beginning of the month. VEA is known for its attractive and regular dividend policy, with a projected dividend payout of over VND5,000 per share this year. Although the business plan for 2024 is somewhat cautious, VEA remains an attractive investment due to its growth potential and appealing dividend policy.
Looking ahead, the DCDE fund will distribute cash dividends to investors in June. Additionally, the fund will continue its investment strategy of seeking and holding stocks with high growth potential and regular cash dividend payouts to optimize returns and increase investment value.