VinaCapital Fund Management JSC (VCFM) on January 13 announced that its funds ended 2021 with some of the highest returns in their respective categories.
These funds include the Vietnam Equity Special Access Fund (VESAF), the VinaWealth Equity Opportunity Fund (VEOF), the VinaCapital Insights Balanced Fund (VIBF), and the VinaWealth Enhanced Fixed Income Fund (VFF).
VESAF led the way with a return of 67 per cent, making it the best-performing open-ended equity fund in the market in 2021, a continuation of its leading position in 2020. VEOF increased 56.5 per cent, ranking second in the market.
Meanwhile, the company’s balanced fund, VIBF returned 35.2 per cent, ranking second among funds with similar investment strategies. VFF, a bond fund, increased 7.7 per cent, also taking first place for performance in that class.
Both equity funds significantly outperformed the benchmark VN-Index in 2021 (+35.7 per cent). The funds’ excellent results reflect the teams' highly skilled investment selection and strong investment discipline, backed by comprehensive research and a deep understanding of Vietnam’s debt and equity markets.
The total assets under management of the four funds reached more than $130 million, increasing by 57.6 per cent on-year, of which VESAF accounted for $39.9 million, VEOF for $26.8 million, VIBF for $32.3 million, and VFF for $34.7 million, invested by over 23,500 clients as of December 31.
The VESAF mainly invests in the listed stocks of companies with full foreign ownership limits, and with medium and small market capitalisations. These companies operate in sectors with high growth potential and have competitive advantages thanks to distinct market segmenting and business strategies.
As of December 31, the majority of the fund’s total assets were invested in financials, industrials, materials, technology, consumer staples, and real estate. VESAF's average annualised return since its inception in April 2017 is 22.7 per cent.
The VEOF mainly invests in the listed stocks of companies with large and medium market capitalisations, distinct competitive advantages, and strong growth potential.
As of December 13, 96.4 per cent of the fund’s total assets were invested in financials, real estate, materials, consumer discretionary, industrials, consumer staples, technology, utilities, and healthcare, with top holdings including blue-chip stocks. VEOF's average annualised return since its inception in July 2014 is 13.9 per cent.
The VFF is an open-ended bond fund that invests in fixed income instruments, including bonds of companies with strong financials and good management teams, and certificates of bank deposits.
Over 94.90 per cent of the fund’s total assets were invested in bonds issued by companies in the financials, consumer, and real estate sectors. VFF's average annualised return since its inception in April 2013 is 7.68 per cent.
The VIBF is a balanced open-ended fund that invests in quality bonds and listed stocks of companies with strong fundamentals and sustainable profitability. VIBF mainly invested in financials, real estate, materials, and IT. VIBF's average annualised return since its inception in July 2019 is 18.3 per cent.