Vietnam Enterprise Investments (LSE: VEIL)

Currency in GBP

Last close As at 07/06/2023

GBP5.85

2.00 (0.34%)

Market capitalisation

GBP1,202m

Vietnam Enterprise Investments’ (VEIL’s) investment 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.

Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Nick Ainsworth

    Chief Marketing Officer

  • Rachel Hill

    Investor Relations

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 8.5 4.7 (15.5)
Relative 10.6 8.7 (14.8)
52 week high/low 700.0p/500.0p

Overview

Vietnam Enterprise Investments (VEIL) is the UK’s largest and oldest listed Vietnamese equities closed-end fund. It offers investors exposure to the stocks set to benefit most from Vietnam’s very favourable economic prospects. These stocks are otherwise difficult for foreign investors to access. VEIL’s managers believe the Vietnamese equity market offers many compelling investment opportunities, and stocks look oversold at current levels (see our recent VEIL update note), so valuations appear attractive. With VEIL’s discount on the high side of its long-term average, now may be a good time for investors to consider this market.

Thematics

Investment Companies

European equities

Investment Companies

Listed Private Equity

Investment Companies

Vietnamese equities: Due a comeback?

Consumer

IPO apocalypse

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