VinaCapital Vietnam Opportunity Fund to be Included in FTSE Small Cap/All-Share Index
LONDON, June 2, 2016
VinaCapital Vietnam Opportunity Fund Limited (LSE: VOF) announces that it will be included in the FTSE Small Cap/All-Share Index, effective as of the close on 17 June 2016. VOF’s inclusion was announced yesterday as part of the FTSE All Share Annual Review.
VOF migrated to the main market of the London Stock Exchange on 30 March 2016, and its share price increased 16.4% year-to-date in USD terms. It has a total NAV of USD747.0 million as of 30 April 2016, up from USD718.7 million as of 31 December 2015.
Andy Ho, Managing Director of VOF, commented: “We are pleased to be included in the FTSE Small Cap/All-Share Index, which is yet another milestone for the fund this year and fulfils one of our objectives in migrating the listing and domicile of the fund. International investors’ interest in Vietnam continues to be strong and is growing, and we expect to see increased liquidity for the fund as new investors and index-trackers evaluate the best ways to participate in this exciting market.”
VOF follows a high-conviction, multi-asset strategy, and focuses on sectors that benefit from domestic consumption and infrastructure growth in Vietnam. The fund is in the process of reducing direct real estate investment and rebalancing its portfolio toward private equity investments, where it has a strong track record of performance, and sees tremendous opportunities in a range of sectors including consumer discretionary, education, and healthcare.