Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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VFMVF1 – 06/2016


In June 2016, VF1’s net asset value per share (NAVPS) increased by 5.1%, in which largest contributors came from leading sectors such as Food & Beverage, Banks, Capital Goods, Transportation, specifically the blue-chip stocks with high growth in June such as VNM (grow by 4.3%), VCB (+4,3%), DQC (+6,7%), VSC (+6,2%). These companies have delivered good business results and retained various factors that support long term growth. Besides, on 28th June 2016, the board of directors of VNM has agreed upon the resolution to lift the restriction of foreign ownership. This action has been always desired by investors on the market due to the fact that VNM is highly favored by foreign investors.

In June, VF1 has decreased its cash position to 17.3% from 19.6% of NAV since the end of May. Considering the accumulated return from the beginning of 2016, VF1 has grown by 14.2%, outperforming VN-Index by 6.3%.