DCBF_Monthly Update_Mar 2024
As at 31 Mar 2024, the net asset value of DCBF Fund units (NAV/unit) was VND 25,687.8, an increase of 0.6% compared to end of Feb 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 Mar 2024, DCBF continued to have good inflows when the fund issued 16.57m new fund certificates (units) with a value of VND 425.7 bn and bought back 3.1m units with a value of VND 79.0bn, resulting in a net subscription value of VND 346.7 bn. The total net asset value and total assets of the Fund as at 31 Mar 2024 was VND 1,119.0bn and VND 1,188.1bn, respectively.
In Mar 2024, DCBF executed some transactions related to corporated bonds (CB), CD and short term trades on VGB. As at 31 Mar 2024, CBs made up the largest portion of the DCBF portfolio (43.5% compared to 46.9 % as at end of Feb 2024); of which 16% for tenors less than 1 year), followed by cash and bank deposits combined (42.2% compared to 41.4% as at end of Feb 2024), and CDs (12.7% compared to 10.6% as at end of Feb 2024). The average remaining maturity of the portfolio is about 0.7 year.
