DCDS – 12/2023
Concluding December, the VN-Index exhibited a resilient surge of 3.3% compared to the previous month’s close. In 2023, the VN-Index delivered an impressive performance with a noteworthy uptick of +12.2%, outshining regional benchmarks including Thailand’s SET (-15.2%), the Philippines’ PCOMP (-1.8%), and Indonesia’s JCI (+6.2%).
The NAV per share of DCDS Fund demonstrated a robust +4.2% climb in December. Over the entire duration of 2023, the Fund showcased a remarkable growth rate of +27.5% in comparison to the previous year’s conclusion, notably surpassing the VN-Index by a substantial margin of 15.3%. Key sectors allocated with significant weights in the Fund’s portfolio experienced vigorous growth throughout the year. These included Securities (+97.4%), Metals (+77.3%), Industrials (+73.2%), Chemicals (+62.3%), Energy (+50%), and Residentials (+25%).
The Fund expects favorable global and domestic macroeconomic conditions could act as tailwinds for the stock market in 2024. Moreover, enterprise performance is anticipated to rebound in the coming year, propelled by government interventions such as interest rate cuts and strategic infrastructure investments. In the coming time, the Fund strategically plans to augment its exposure to sectors poised to benefit from prevailing market dynamics, emphasizing Real Estate, Retail, Banks,…
