HCM CITY — The Net Asset Value (NAV) of two stock-invested funds managed by Dragon Capital rose over 10 per cent on the strong rebound of blue chips in January, according to company reports.
The NAV of Vietnam Enterprise Investment Ltd (VEIL) reached US$364.7 million by the end of January, an increase of 10.7 per cent over the previous month. As many as 69 per cent of the fund's investments were put in listed shares (blue chips), while promissory notes of food processor Masan Group (MSN) accounted for 18 per cent.
The NAV of Vietnam Growth Fund Ltd (VGF) rose 11.8 per cent to reach $191 million during the period. Its stock investment made up 71 per cent while promissory notes of Masan Group (MSN) occupied 25 per cent.
The market price of VEIL's fund certificates rose 4.7 per cent while that of VGF was up 2.1 per cent. Discount rates of the two fund certificates were 17-19 per cent. — VNS