Manager Comments Q2 2020 – Vietnam Fund

The AFC Vietnam Fund gained 12.7% in April with a NAV of USD 1,558.09, bringing the return since inception to +55.8%. This represents an annualized return of +7.2% p.a. The Ho Chi Minh City VN Index in USD gained 17.0%, while the Hanoi VH Index rose by 16.2% (in USD...

Manager Comments Q1 2020 – Vietnam Fund

The AFC Vietnam Fund lost −1.4% in January with a NAV of USD 1,764.06, bringing the return since inception to +76.4%. This represents an annualized return of +9.7% p.a. The Ho Chi Minh City VN Index in USD lost −2.7%, while the Hanoi VH Index lost −0.3% (in USD terms)...

Manager Comment Q4 2019 – Vietnam Fund

The AFC Vietnam Fund gained +2.3% in December with a NAV of USD 1,789.27, bringing the return since inception to +78.9%. This represents an annualized return of +10.1% p.a. The Ho Chi Minh City VN Index in USD lost −0.9%, while the Hanoi VH Index gained +0.1% (in USD...

Manager Comment September 2019 – Vietnam Fund

The AFC Vietnam Fund decreased by −1.9% in September with a NAV of USD 1,831.46, bringing the return since inception to +83.1%. This represents an annualized return of +11.1% p.a. The Ho Chi Minh City VN Index in USD gained +1.3%, while the Hanoi VH Index added +2.7%...

Manager Comment July 2019 – Vietnam Fund

The Vietnam Fund returned +1.2 % in July with a NAV of USD 1,836.89, bringing the return since inception to +83.7%. This represents an annualized return of +11.5% p.a. The Ho Chi Minh City VN Index in USD gained +4.8%, while the Hanoi VH Index added +1.3% (in USD...

Manager Comment June 2019 – Vietnam Fund

The Vietnam Fund returned +2.0 % in June with a NAV of USD 1,815.41, bringing the return since inception to +81.5%. This represents an annualized return of +11.4% p.a. The Ho Chi Minh City VN Index in USD lost −0.6%, while the Hanoi VH Index lost −0.3% (in USD terms)....