Vietnam Holding is a closed-end fund, domiciled in Guernsey, that aims to provide investors with long-term capital appreciation by investing in a concentrated portfolio of high-growth companies in Vietnam that demonstrate strong environmental, social and corporate governance awareness.
Vietnam Holding invests predominantly in publicly-traded companies in Vietnam, but it may also – subject to certain restrictions – invest in foreign companies if a majority of their assets and/or operations are based in Vietnam (up to a maximum of 25% of its net assets). It can invest in equity-like securities, such as convertible bonds, and may also hold private companies (up to a maximum of 20% of its net assets).
We have published some notes that seek to explain how the fund works:
“Asia’s emerging champion“, published in December 2021, looked at why the manager continues to see great potential from Vietnam
Leveraging Asia’s rising star” published in March 2021 discussed the fund’s potential to capture Vietnam’s impressive forecast economic growth
“Early mover advantage” published in May 2020 looked at Vietnam’s early success in controlling the spread of COVID-19
“Silent revolution” published in December 2019 looked at the fund against the context of the transformation of Vietnam’s economy
You can access the fund’s website here