HCM CITY (VNS) — VCBF Tactical Balanced Fund and VCBF Blue Chip Fund, open-ended funds managed by Vietcombank Fund Management, have outperformed their 2015 as well as lifetime benchmarks.
The VCBF Tactical Balanced Fund rose 19.3 per cent last year and 30.6 per cent since its issue in December 2013, compared to its targets of 6.7 per cent and 15.7 per cent.
The VCBF Blue Chip Fund gained 23.4 per cent in 2015 and 19.1 per cent since inception in 2014 against targets of 4.4 and minus 2.2 per cent.
The former's benchmark is the average of two values: the change in the VN-Index and the return on 10-year government bonds.
The benchmark for the latter is the VN100 Index (comprising 100 stocks with the largest market cap and equity capital on the HSX).
The VN-Index, the benchmark HCM City stock market index, rose by 6.1 per cent last year.
Avinash Satwalekar, CEO and CIO of VCBF, said, "Our two funds outperformed their respective benchmarks in 2015, a year marked by increased global volatility.
"Our long-term focused investment philosophy and rigorous research process helped to provide strong returns for our clients.
"We continue to remain optimistic regarding the long-term prospects of the Viet Nam economy and look forward to capitalising on market opportunities."
As of December 31 the two funds managed approximately VND181 billion (US$8.04 million) sourced from nearly 600 investors.
Vietcombank Fund Management is a joint venture between Vietcombank and Franklin Templeton Investments, a pioneer in emerging market investments. — VNS