DCBF_Monthly Update_Nov 2023
As at 30 Nov 2023, the net asset value of DCBF Fund units (NAV/unit) was VND 25,118.3, an increase of 0.7% compared to end of Oct 2023, and 7.93% YTD. For both the month and YTD, DCBF outperformed the average 12-month deposit rates of the four biggest banks, which rose by 0.4% and 6.2% over the same period, respectively. The total net asset value and total assets of the Fund as at 30 Nov 2023 was VND 415.1bn and VND 422.7bn, respectively.
In Nov 2023, DCBF executed some transactions related to listed corporated bond (CB) and Government bond (VGB). As at 30 Nov 2023, CBs made up the largest portion of the DCBF portfolio (85.3% compared to 88.3% as at end of Oct 2023; of which 42% for tenors less than 1 year), followed by CDs (8.6% compared to 8.9% as at end of Oct 2023), cash and bank deposits combined (3.7% compared to 2.8% as at end of Oct 2023) and VGB (2.4%, a new position). The average remaining maturity of the portfolio is about 1.3 years. The current portfolio has a good reinvestment rate and is expected to remain stable in the coming months.
