VinaCapital reports strong performance of funds in first half

Brook Taylor, CEO of VinaCapital Fund Management JSC (VCFM), stated that after just one year, the VinaCapital VN100 ETF has delivered on expectations that the fund would mirror the performance of the VN-Index better than any other ETF currently on offer in Vietnam.

“The ETF, as well as Equity Opportunity Fund (VEOF) and VinaCapital Insights Balanced Fund (VIBF) provide local and foreign investors exposure to a range of growth stocks that are positioned to benefit from Vietnam’s continued macroeconomic stability, rising corporate profits, and positive growth of the stock market, which could see a number of new listings in the year ahead as the equitisation process of state-owned enterprises accelerates as planned,” said Taylor.

During the first six months, the VinaCapital VN100 ETF returned 38.5 per cent, VEOF returned 39.1 per cent, and the VIBF increased 26.6 per cent.

VEOF and VIBF ranked as the top three performers in their respective categories. As of June 30, 2021, the three funds have assets totalling over VND855 billion ($37.17 million) from nearly 6,000 investors.

The VinaCapital VN100 ETF was established on June 16, 2020 holding a portfolio that replicates the performance of the VN100 Index, which itself is comprised of the 100 leading stocks listed on the Ho Chi Minh City Stock Exchange (HSX).

As of June 30, 2021, over 80 per cent of the total assets of the fund were invested in the financial, real estate, consumer staples, and materials sectors.

The top holdings were Hoa Phat (HPG), Vingroup (VIC), Techcombank (TCB), VP Bank (VPB), and Vinhomes (VHM), all of which are companies benefiting from the growth of the domestic economy and the increasing prosperity of the Vietnamese people.

Launched in July 2014, VEOF is one of the longest established open-ended funds offered by VinaCapital. The open-ended equity fund invests in the stocks of Vietnam’s leading large and mid-cap companies which have competitive advantages and the growth potential to earn higher profits than the VN-Index.

As of June 30, 2021, over 80 per cent of VEOF’s total assets were invested in the materials, technology, financials, and consumer discretionary sectors, with top holdings including Hoa Phat (HPG), FPT Corporation (FPT), Mobile World (MWG), Vietcombank (VCB), and Vietinbank (CTG).

Regarding the VIBF, as of June 30, 2021, over 45 per cent of the fund’s total assets were invested in equities and nearly 55 per cent of the fund’s total assets were invested in bonds, other fixed income assets, and cash.

Its stock holdings are primarily in the financials, materials, real estate, and technology sectors, with top holdings including Hoa Phat (HPG), FPT Corporation (FPT), MB Bank (MBB), Techcombank (TCB), and Vinhomes (VHM).