Vietnam Enterprise Investments

LN: VEIL

£993.6m market cap

454.5p last close

Vietnam Enterprise Investments objective is to achieve medium- to long-term capital growth by investing in the equity securities of companies primarily operating in, or with significant exposure to, Vietnam. VEIL adopts a bottom-up approach to investment selection and does not set portfolio allocations with reference to index weightings. The VN Index is used as a performance benchmark, which VEIL seeks to outperform on a rolling three-year basis.

Investment summary

Vietnam Enterprise Investmentst (VEIL) was launched in 1995 and is the largest closed-ended fund focused on Vietnam. In July 2017, it became a member of the FTSE 250. VEIL aims to generate long-term capital growth by following a bottom-up approach, unconstrained by the benchmark, to find high-quality companies that are attractively valued. The fund is managed by Dragon Capital, Vietnam’s largest and longest established investment manager.

In this webcast, Dominic Scriven, chairman and founder of Dragon Capital, introduces the company and discusses why we should invest in Vietnam, and why now. Dragon’s head of research, Le Anh Tuan, explains VEIL’s investment objective and gives his outlook for Vietnam. He explains the manager’s investment approach and what differentiates it from other managers. He also discusses the portfolio’s current position and recent performance.

Share price graph
Price performance
%
1m
3m
12m
Actual 2.9 3.9 8.5
Relative* 2.2 3.8 12.1
52-week high/low 472.0p/420.0p
*% relative to local index
Key management
Nick Ainsworth Chief Marketing Officer
Rachel Hill Investor Relations

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