DCBF_Monthly Update_Sep 2023
As at 30 Sep 2023, the net asset value of DCBF Fund units (NAV/unit) was VND 24,738.5, an increase of 0.6% compared to end of Augl 2023, and 6.30% 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 5.3% over the same period, respectively. The total net asset value and total assets of the Fund as at 30 Sep 2023 was VND 400.4bn and VND 402.4bn, respectively.
In Sep 2023, DCBF executed some transactions related to corporated bonds (CB), thereby reducing exposure to cash and bank deposit portion and increased the listed corporate bonds and the Fund also bought new unlisted CB to replace for the OTC bond martured in Sep. As at 30 Aug 2023, CBs made up the largest portion of the DCBF portfolio (88.2%, compared to 82.7% as at end of Aug 2023), followed by CDs (8.9%, the same level as at end of Aug 2023) and cash and bank deposits (combined 2.9%, compared to 8.4% as at end of Aug 2023). 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.
