Does anyone know where one can invest in the Vietnam stockmarket index. Are there any efts out there tracking this?
Extract synopsis from Graham Buck (Journalist)
Vietnamese investment bank VinaCapital manages two London-listed funds. The $171m
Vietnam Opportunity Fund (VOF) focuses on domestic growth – stock picks include Vietnam’s top confectioner Kinh Do, and dairy firm Vinamilk. Meanwhile, the $205m Vietnam Real Estate Fund, or VinaLand (VNL), which launched in March, is a developer of residential, industrial and resort properties. Both funds invest at least 70% of their capital in Vietnam.
Another play, but only for investors with at least $100,000 to spare, is Dragon Capital’s
Vietnam Enterprise Investments Limited fund, a closed-end fund listed in Dublin. Founded in 1996, it lost a third of its value in the first six years, but has returned an impressive 88% so far this year, against 73% for the benchmark Ho Chi Minh index.