VinaCapital Vietnam Opportunity Fund (LSE: VOF)

Last close As at 18/03/2024

GBP4.63

−3.50 (−0.75%)

Market capitalisation

GBP711m

VinaCapital Vietnam Opportunity Fund (VOF) is a closed-end investment company that seeks to achieve medium- to long-term capital appreciation through investment in assets in Vietnam. The portfolio includes listed and unlisted equities, including private equity and other privately negotiated investments, covering a broad range of sectors, with a focus on Vietnamese companies that benefit from the country’s rising domestic consumption and economic growth.

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Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Andy Ho

    Investment Manager

  • Steven Bates

    Chairman of the board

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 4.8 4.3 6.3
Relative 4.4 2.9 1.0
52 week high/low 473.0p/418.0p

Overview

VinaCapital Vietnam Opportunity Fund (VOF) posted a one-year NAV TR in US dollars to end-October 2023 of 13.1%, versus 2.8% for the VN Index, as a result of the rebound from last year’s market trough. VOF’s NAV TR since end-2022 of 9.1% was driven by financials and materials investments. Given the improving outlook for real estate and several of VOF’s portfolio companies in the sector, VOF reversed US$26.8m of the US$52.9m in write-downs recognised in the December 2022 interim report. VOF continues to pay out 1% of opening NAV in dividends, with the next payment due in December at US$0.07 per share, implying an annualised dividend yield of 2.4% based on the last closing share price.

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