bulletEDITOR'S PICKS

 

Qatar Investment Fund share price jumps alongside country’s GDP

From Middle East Sep 16 2014 @ 16:45

The Qatar Investment Fund (QIF) saw its share price rise by over a quarter last year,...
view article

Scottish independence: The financial implications

From United Kingdom Sep 15 2014 @ 17:34

International Adviser considers six potential financial implications of a "Yes" vote to Scottish...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Ogier appoints tax partner for Luxembourg

Ogier appoints tax partner for LuxembourgOffshore law firm Ogier has appointed a tax partner for its Luxembourg office.
view article

McNish leaves FPI to re-join Zurich

From People Sep 16 2014 @ 17:36

Qatar Investment Fund share price jumps...

From Middle East Sep 16 2014 @ 16:45

MORE FROM People

LATEST NEWS

Marlborough sets up distribution team for Europe and Middle East

Marlborough sets up distribution team for Europe and Middle East  Marlborough International Management has appointed a trio of international sales...
view article

First Names Group appoints UK managing director

From People Sep 16 2014 @ 12:32

Retirees plan £3bn spending spree next April

From Retirement Sep 16 2014 @ 12:09

MORE FROM People

LATEST NEWS

Ex-SJP partner faces £300k fine and industry ban

Ex-SJP partner faces £300k fine and industry banAn ex-partner at St. James’s Place faces an industry ban and a £300,000 fine after...
view article

Source launches new ETF to track Japan index

From Products Sep 16 2014 @ 04:53

Scottish independence: The financial...

From United Kingdom Sep 15 2014 @ 17:34

MORE FROM United Kingdom



Vietnam's first actively-managed Ucits overseen by female trio

From Asia Sep 25 2013 BY: Ann-Marie Corvin , Reporter , International Adviser

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


One of SE Asia’s biggest asset managers has launched an actively-managed Ucits equity fund designed at international investors wishing to gain exposure to Vietnam’s public equity markets.

Dragon Capital’s Vietnam Equity Ucits, which is being overseen by an all-female board, seeks medium to long term capital appreciation through investing primarily in securities issued by Vietnamese companies that are traded on the Ho Chi Minh City Stock Exchange.

Blue chip companies listed on the exchange include steel producers, healthcare, food and beverage, oil and gas and property businesses.

It has been reported that the US dollar-denominated fund aims to “at least beat the Ho Chi Minh stock index”, according to Dragon’s chief investment officer Bill Stoops.

The fund, which comes with a one-off entry charge of 5% and a management charge of 2.4% pa, is open to anyone wishing to invest at least US$25,000 over a period of between at least three and five years. 

In its investor information pack, Dragon states that the Fund will be ‘actively managed using a disciplined approach referencing an in-house model portfolio developed by the Investment Manager’.

The fund is being managed under DC Developing Market Strategies, an umberella investment company set up by Dragon in May this year with capital coming from the Bank of Ireland.

The fund, which opened on 2 September and is on offer until 27 September, is overseen by an all-female board comprising of Máire O'Connor - also a director of alterative asset manager Brookfield Investment Funds; Bronwyn Wright – a director at Old Mutual Global Investors and Rachel Hill.

Dragon Capital is one of the largest asset managers in South East Asia. As of December 2012, it managed around US$1.1bn assets. It has offices in Ho Chi Minh City, Hanoi, the UK, Bangkok and Hong Kong.

As reported earlier this month, Asia Frontier Captial is one of a number of companies looking to invest in Vietnam and other fast-growing asian markets of Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar (Burma), Pakistan, Papua New Guinea, and Sri Lanka.

 


 

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin




TAGS:

COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...