Vietnam Enterprise Investments Limited

Fund Information

    NAV CHANGE
(%)
PRICE
(GBP)
PRICE CHANGE
(%)
  
NAV
(m)
Cash
(% of AUM)
NAV/
SHARE
WEEKLYYTDBIDOFFERWEEKLYYTDPREMIUM/
DISCOUNT (%)
ISSUED
SHARES
USD1,486.562.546.772.273.20--3.545.50(9.36)219,579,878
GBP1,137.685.180.000.584.684.711.292.74

Fund Statistics

Data/RatioVEILVNI
Annualised return22.8921.95
Minimum (%)-9.92-10.45
Maximum (%)13.0313.61
Stand dev (%)16.3916.76
Tracking Error (%)6.56-
Active Share Measure (%)59.931.44
Data/RationVEILVNI
Shape Ratio1.321.23
Treynor Ratio (%)23.9320.62
Jensen's Alpha2.970.00
Information Ratio0.414
Beta0.901.00
Premium/Discount (%)-16.27

All calculation based on 36 historic monthly time weighted returns of the portfolio. Data annualized.

Fund Performance

Performance

All in US$ (%)1 MonthYTD6 Months1 Year3 Years5 Years
VEIL0.152.13-6.12-19.1885.6086.11
VN Index TR1.7310.06-2.46-15.9581.4876.13

Top 10 Holdings

NameTickerSectorNAV (%)
1 Mobile WorldMWGRetail10.64
2 VinhomesVHMReal Estate7.75
3 ACBACBBanks6.60
4 Khang Dien HouseKDHReal Estate6.28
5 Military BankMBBBanks5.32
6 Hoa PhatHPGMaterials/Resources4.11
7 FPTFPTSoftware/Services3.80
8 SabecoSABF & B3.46
9 Dat XanhDXGReal Estate3.08
10 VinamilkVNMF & B2.85

Sector Allocation

Fund Detail

CountryCayman Islands
Inception Date11 August 1995
Issued Shares219,579,878
Legal Entity Identifier (LEI)213800SYT3T4AGEVW864
BenchmarkVN Inder / MSCI EM Index / VN 30 Index
NAV FrequencyDaily
Functional CurrencyUS$
Fees(a) 2.00% per annum on the first US$1.250,000,000 of the Net Asset Value; and (b) 1.75% per annum of the portion of the Net Asset Value in excess of US$1,250,000,000 and less than or equal to US$1,500,000,000; and (c) 1.50% per annum on the portion of the Net Asset Value above US$1,500,000,000. (Effective 1 August 2017)

Trading

BrokerJefferies International Limited | Contact: Michele White / Trevor Hunt; Phone: +44 207 898 7140 / +44 207 898 7127; E-Mail: mwhite@jefferies.com / invcos@jefferies.com
ISINKYG9361H1092
SEDOLSEDOL
CUSIPG9361H109
REUTERSLP60078461
BLOOMBERGDGCP or VEIL.LN

Market Cap Distribution

Monthly Return (%)

JanFebMarAprMayJunJulAugSepOctNovDevYTD
2013-0.321.670.732.08
201411.684.520.54-1.31-5.241.535.018.14-1.710.85-3.99-1.7618.31
20152.520.65-4.131.421.340.735.83-4.853.097.64-0.73-0.3213.25
2016-3.863.214.662.282.337.444.865.311.52-3.16-3.94-2.0019.36
20174.53-0.834.32-0.594.406.18-2.28-0.084.271.1611.173.6041.35
20185.852.204.30-8.40-4.29-2.26-1.334.245.43-9.030.380.87-3.43
2019-2.11-2.11

VEIL seeks long-term capital appreciation through strategic holdings in listed and pre-IPO companies that offer both attractive growth and value metrics, and strong corporate governance. VEIL allows investors to access Vietnam’s leading blue chips, including many companies that have reached their limit for foreign investment.

The fund may also invest in equity-linked instruments and private equity. VEIL’s broad universe and 3-year horizon is underpinned by conviction holdings and off-index investments.

This is a closed-end fund, registered on the Cayman Islands and listed on the Main Market of the London Stock Exchange. Launched in 1995, VEIL is Vietnam’s longest running fund and one of the region’s largest dedicated offshore listed vehicles. In 2015, it merged with our Vietnam Growth Fund (VGF).

Take me to the VEIL website

Want to contact us?

We would be pleased to hear from you regarding any investment query.

Talk to investor support