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VietNam Holding

LN: VNH

£96.7m market cap

189.5p last close

VietNam Holding’s investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies that have high growth potential and an attractive valuation. The fund has experienced several significant changes since September 2017, including a new board and appointment of the current manager, Dynam Capital Limited.

Investment summary

VietNam Holding (VNH) aims to deliver long-term capital growth, primarily through investing in listed companies in Vietnam. The fund is also permitted to invest in unlisted companies, which in practice are those that have visible near-term plans to list. The fund has undergone significant changes since September 2017, including the appointment of a new board and manager, Dynam Capital Limited. These changes were implemented to address governance issues associated with the previous board and manager, which contributed to VNH’s wider-than-peers discount to NAV. Vietnam’s medium- to long-term economic outlook is one of the brightest in the Asia Pacific region and investors looking for exposure to its rapid growth may find the restructured VNH of interest.

Share price graph
Price performance
%
1m
3m
12m
Actual (1.8) 4.7 (4.0)
Relative* (0.1) 8.2 (6.2)
52-week high/low 200.4p/168.0p
*% relative to local index
Key management
Craig Martin Portfolio Manager
Sean Hurst Non-Executive Chairman

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