HCM CITY Viet Nam News -— VinaCapital Vietnam Opportunity Fund Limited (VOF) has completed its move from the AIM (Alternative Investment Market) to the main floor of the London Stock Exchange, with trading beginning on March 30.
"It has come a long way since its inception in 2003, and we believe a listing on the main market marks the start of a new chapter of growth,” Andy Ho, managing director of the VOF and chief investment officer of VinaCapital Group, said.
“With the higher profile afforded by such a listing, we should be in a better position to improve liquidity and reach a broader investor base," he added.
He said the fund’s strategy is to make investments in both listed and unlisted firms via negotiated deals, with a focus on the equitisation of State-owned enterprises and the real estate sector.
"We will invest in prestigious property developers as the real estate market is growing well."
Other investment priorities include the food and beverages, education, communications, logistics, and building materials sectors.
Listed shares account for 48 per cent of VOF’s portfolio, real estate projects for 12.4 per cent and private equity for 12.3 per cent. The portfolio also includes hotels, unlisted shares and other assets.
In terms of industries, food and beverages accounted for 24.5 per cent, property and construction for 24.3 per cent and hotels for over 10 per cent.— VNS