Vietnam fund lists on London bourse

Thanh Nien News

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Vietnam Enterprise Investments Limited, one of the oldest and largest Vietnam-focused funds, have officially listed on the London Stock Exchange, fund manager Dragon Capital said on Tuesday.
The move is expected to boost the liquidity and transparency of the certificate of the fund that has nearly US$900 million under management, news website Saigon Times Online said.
Nearly half the amount is in the form of stakes in companies listed in Hanoi and Ho Chi Minh City, including in dairy giant Vinamilk, information technology conglomerate FPT, and major lenders ACB and Vietcombank.
The 21-year-old fund's portfolio return last year ranged between 16.37 and 59.79 percent, depending on the sector.

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