Manager Comment March 2019 – Vietnam Fund

The Vietnam Fund gained +1.6% in March with a NAV of USD 1,826.89, bringing the return since inception to +82.7%. This represents an annualized return of +12.1% p.a. The Ho Chi Minh City VN Index in USD gained +1.6%, while the Hanoi VH Index added +1.5% (in USD...

Manager Comment February 2018 – Vietnam Fund

The Vietnam Fund gained +2.9% in February with a NAV of USD 1,798.50, bringing the return since inception to +79.8%. This represents an annualized return of +12.0% p.a. The Ho Chi Minh City VN Index in USD gained +6.0%, while the Hanoi VH Index added +2.9% (in USD...

Manager Comment January 2018 – Vietnam Fund

The Vietnam Fund returned −1.6% in January with a NAV of USD 1,747.73, bringing the return since inception to +74.8%. This represents an annualized return of +11.6% p.a. The Ho Chi Minh City VN Index in USD gained +2.4%, while the Hanoi VH Index lost −1.0% (in USD...

Manager Comment December 2018 – Vietnam Fund

The Vietnam Fund returned −2.0% in December with a NAV of USD 1,776.74, bringing the return since inception to +77.7%. This represents an annualised return of +12.1% p.a. The Ho Chi Minh City VN Index in USD lost −3.4%, while the Hanoi VH Index lost −0.3% (in USD...

Manager Comment November 2018 – Vietnam Fund

The Vietnam Fund returned +0.4% in November with a NAV of USD 1,813.88, bringing the return since inception to +81.4%. This represents an annualised return of +12.8% p.a. The Ho Chi Minh City VN Index in USD gained +1.3%, while the Hanoi VH Index lost −0.5% (in USD...

Manager Comment October 2018 – Vietnam Fund

The AFC Vietnam Fund returned −2.1% in October with a NAV of USD 1,805.80, bringing the return since inception to +80.6%. This represents an annualised return of +12.9% p.a. The Ho Chi Minh City VN Index in USD lost −10.1%, while the Hanoi VH Index lost −9.5% (in USD...