DCBF_Monthly Update_Oct 2023
As at 31 Oct 2023, the net asset value of DCBF Fund units (NAV/unit) was VND 24,932.8, an increase of 0.8% compared to end of Sep 2023, and 7.14% YTD. For both the month and YTD, DCBF outperformed the average 12-month deposit rates of the four biggest banks, which rose by 0.5% and 5.8% over the same period, respectively. The total net asset value and total assets of the Fund as at 31 Oct 2023 was VND 402.4bn and VND 404.4bn, respectively.
In Oct 2023, there was no bond transaction during the period and the portfolio’s asset allocation was stable compared to end of Sep. As at 31 Oct 2023, CBs made up the largest portion of the DCBF portfolio (88.3%), followed by CDs (8.9%) and cash and bank deposits combined 2.8%. With the target to maintain the Fund’s high liquidity and comparatively good return, DCBF will continue to maintain high exposure to good corporate bonds; and cash and bank deposits are kept at adequate levels, ensuring the liquidity needs from investors’ outflows if any.
