VFMVF4 – 06/2016
In June 2016, VF4’s net asset value per share (NAVPS) increased by 5.5%, 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%), and 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 always been desired by investors on the market due to the fact that VNM is highly favored by foreign investors.
In June, VF4 has decreased its cash position to 3.8% from 8.8% of NAV since the end of May. Considering the accumulated return from the beginning of 2016, VF4 has grown by 12.3%, outperforming VN-Index by 3.1%.