DCBF_Monthly Update_Feb 2024
As at 28 Feb 2024, the net asset value of DCBF Fund units (NAV/unit) was VND 25,655.3, an increase of 0.6% compared to end of Jan 2024. For the month, DCBF outperformed the average 12-month deposit rates of the four biggest banks, which rose by 0.4% over the same period. In Feb 2024, DCBF continued to have good inflows when the fund issued 8.31m new fund certificates (units) with a value of VND 212.5 bn and bought back 0.1m units with a value of VND 1.6bn, resulting in a net subscription value of VND 210.8 bn. The total net asset value and total assets of the Fund as at 29 Feb 2024 was VND 766.0bn and VND 908.0bn, respectively.
Good cash inflow into the Fund was the main reason for increasing cash and cash equivalent level in Feb. As at 29 Feb 2024, CBs made up the largest portion of the DCBF portfolio (46.9% compared to 76.3% as at end of Jan 2024); of which 20% for tenors less than 1 year), followed by cash and bank deposits combined (41.4% compared to 14.0% as at end of Jan 2024), and CDs (10.6% compared to 6.0% as at end of Jan 2024). The average remaining maturity of the portfolio is about 1.0 years.
