HCM CITY — The net asset value (NAV) of the VinaCapital Vietnam Opportunity Fund rose 2.2 per cent in January, reaching US$716 million. The increase was attributed to listed shares in its portfolio which saw a rise of 5.7 per cent during the period, the fund reported.
The market price of fund certificates on the London Stock Exchange also rose 8.8 per cent to nearly $1.36 each, representing a discount rate (market price over NAV) of nearly 40 per cent. It is actively buying back fund certificates and had bought in 3.8 million by the end of January.
The fund's holdings consist of listed shares (34.9 per cent), real estate (35 per cent) and unlisted stocks (8.2 per cent). Cash of $62 million accounted for 8.7 per cent of its portfolio on January 31.-VNS