The open-ended funds of VinaCapital Fund Management Joint Stock Company performed very well on a three-year annualised basis. — Illustrative photo of the firm.
VinaCapital Fund Management Joint Stock Company said its open-ended funds ended Q3 on a high note, with all funds performing very well on a three-year annualised basis.
They include the VinaCapital Equity Special Access Fund (VINACAPITAL-VESAF), VinaCapital Equity Opportunity Fund (VINACAPITAL-VEOF), VinaCapital Insights Balanced Fund (VINACAPITAL-VIBF), and VinaCapital Enhanced Fixed Income Fund (VINACAPITAL-VFF).
In the year to date, VESAF returned 32.8 per cent and was the best-performing equity fund in the market, along with the VEOF equity fund that returned 18.3 per cent and outperformed the benchmark’s return (14.6 per cent).
The benchmark for these two funds is the VN-Index.
VIBF achieved a return of 10.8 per cent, higher than its benchmark’s return (9.8 per cent). Its benchmark is the average of the VN-Index and Vietcombank's 12-month savings interest rate.
VFF, a bond fund, returned 5.9 per cent, higher than its benchmark’s return (5.1 per cent) comprising the 12-month deposit interest rates of Vietcombank, BIDV, VietinBank, and Agribank.
As of 30 September, on a three-year annualised basis, VESAF led the way with a return of 27 per cent per annum, the top in the market, followed by VEOF with 20.2 per cent, the second best performer.
VIBF recorded an annual return of 14.4 per cent, also the top performer in its class.
Brook Taylor, CEO of VinaCapital, said: "As VinaCapital Group celebrates its 20th anniversary, we are proud that our open-ended funds have consistently beaten their benchmarks and delivered long-term value to our investors."
As of 30 September 2023 the total assets under management by VinaCapital’s four open-ended funds were worth more than VNĐ 3.3 trillion (US$134.5 million).
Nguyễn Hoài Thu, managing director and head of investment at VinaCapital, said: "The investment choices of VinaCapital's actively managed equity funds are companies that have a solid foundation and a good management team, along with sustainable growth potential and attractive valuations.
“In the past three years, VinaCapital's open-ended funds have all achieved superior returns compared to the benchmarks regardless of the market's ups and downs by adhering to the investment process based on in-depth research, effective portfolio allocation and strict risk management.
“We forecast that the profits of listed companies will recover strongly in 2024 and support the continued recovery of the VN-Index, thanks to profit growth and attractive valuations." — VNS