Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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VFMVFB – 10/2017


NAV per share of VFMVFB continued to maintain good growth pace in October 2017 with a growth rate of 0.66% over the previous month. This is an optimistic growth in the situation of bond yields on the market remained almost unchanged. NAV on the fund certificate on 31/10/2017 reached VND15,762.27 (30/9/2017 is VND15,659.51). NAV per share of VFB as of 31/10/2017 increased 14.06% from the beginning of the year and increased 14.72% over the same period last year. As a result, the VFMVFB NAV per share has risen for two consecutive months after a slight decline in August 2017 which mainly thanks to gains from investments and funds, while there was no trade in any property during the month. As of the end of October 2017, the proportion of investment in bonds increased and the proportion of investment in certificates of deposit decreased because VND30 billion certificate of deposit matured in the month. The maturity of the deposit certificate also increased the bank’s funds deposits proportion in October 2017, accounting for 28% of the fund’s total assets at the end of the month.

The fund will have investment activities with the aim of increasing the proportion of investment in corporate bonds and certificates of deposit in the remaining months of the year. The main target of the fund in November and December 2017 is to preserve the fund’s performance in the first months of the year and to prepare for the portfolio in 2018. The fund’s investment will focus on creating a stable income for the fund from the interest and maintaining the orientation of active trading bonds to increase income for the fund.