DCDE – 11/2023
Closing out November, DCDE Fund posted a robust 11.6% surge in NAV per share compared to the previous month. Impressively, the Fund has sustained an 18.8% growth year-to-date, outpacing the VN-Index by a substantial 10.2% (VN-Index +8.6%) during the same timeframe.
The linchpin of the revamped investment strategy lies in the prioritization of enterprises boasting a track record of dividend disbursements within resilient and strategically vital sectors. The November surge was propelled by upbeat market indicators, including the nation’s cumulative import-export turnover exceeding USD 619 billion for the first 11 months and FDI registrations touching USD 22.9 billion, reflecting an 8.7% YoY upswing.
A standout in the Fund’s portfolio was the investment in Gemadept Corporation (“GMD”), witnessing a remarkable 19.0% uptick. GMD, a player in the port and logistics arena, showcased positive operational results in the initial three quarters, demonstrating growth over the corresponding period. Benefiting directly from import-export activities with an extensive network of ports and logistics nationally and regionally, GMD’s substantial 20% dividend payout for the year surpassed the annual average of 12%.
Looking ahead, DCDE Fund is committed to broadening its investment horizon, actively seeking equities in companies with a consistent dividend payout history and historically favorable valuations. The focus remains on sectors with robust current dividend yields, notably Banking, Securities, Retail, and Energy.
