VinaCapital announces investment portfolio in May

The total amount of cash of VOF dropped from $103.2 million in April to $98.34 million in May.

According to VinaCapital’s report on investment portfolio in May, as of May 31, the total net asset value (NAV) of three funds operating in Vietnam including VOF, VNL and VNI was over $1.638 billion, falling $16 million from the end of previous month, and the market capitalisation at nearly $1.06 billion.
Of which, the NAV of VOF and VNI is updated monthly and the NAV of VNL is reported quarterly.

Vietnam Opportunity Fund – VOF

Ending May, the fund’s NAV was $745 million and the NAV on each fund certificate slipped from $2.32 to $2.3 per unit, down two cents.
The decline of NAV in month was attributed to the decrease of the VN Index. If calculating basing on the US dollar price, the capitalisation value of the VN Index dropped 12 percent in May.
The price of each fund certificate on London Stock Exchange dropped from $1.63 as of late April to $1.57. The discount rate was 31.7 percent.

The fund’s total amount of cash also decreased from $103.2 million in April to $98.34 million, down $4.86 million.

In May, VOF announced to buy stake of Yen Viet Co with an aim to expand its sale network and increase the quality of its products. Currently, VOF still maintained its holding into HCM City International School.

Vietnam Infrastructure Limited – VNI

As of late May, the fund’s total NAV reached $206 million, equalling to $0.51 per fund certificate, down 2 cents month on month.

The price of each fund certificate on London Stock Exchange slipped from $0.35 as of late April to $0.31 per unit. The discount rate was 39 percent.

Vinaland Limited – VNL

The price of fund certificate in the market was $0.84, down 8 cents per unit from the previous month. The NAV of VNL in March was $1.37 per fund certificate.

Tags: vietnam stock, Vietnam stock market, VinaCapital, VNindex