Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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VFMVF1 – 08/2016


In August, NAV per share of VF1 has grown by 5.1%, outperformed VF1 Benchmark by 1.9%, with main contribution from the largest holding, VNM. With strong business results in Q2 (NPAT +32.7% y/y), after distributing vnd 4,000 of cash dividend and 20% of bonus shares on 19 August 2016, the stock price has rebounded strongly, ending the month with the highest price since listing.

In August, VF1 has increased weighting of VNM and invested in some new stock, reducing cash and fixed income level to 24.3% from 30.4% at the end of July.

Since the beginning of 2016, VF1 has accumulated return of 24.3% compared to VF1-Benchmark’s growth of 15.4%.