VinaCapital’s open-ended funds maintain outperformance in 2022

VinaCapital Group subsidiary VinaCapital Fund Management JSC said Saturday its open-ended funds ended 2022 on a high note, with all funds outperforming their respective benchmarks on both one- and three-year basis.

The funds are VinaCapital Equity Special Access Fund (VESAF), VinaCapital Equity Opportunity Fund (VEOF), VinaCapital Insights Balanced Fund (VIBF), and VinaCapital Enhanced Fixed Income Fund (VFF).

As of December 31, 2022, on a three-year annualized basis, VESAF led the way with a return of 16.6%, followed by 12.7% in VEOF. Both equity funds outperformed Vietnam’s benchmark VN-Index (with a three-year annualized return of 1.6%).

VIBF, the company’s balanced fund, recorded a three-year annualized return of 10.9%, outperforming its benchmark return of 3.6%. VFF, a bond fund, locked in a three-year annualized return of 7.1%, while its benchmark’s three-year annualized return was 5.3%.

“Few countries have emerged from the global pandemic as strong as Vietnam has, and we are excited about the opportunities for investing here as well as the long-term growth potential of the country,” VinaCapital Fund Management CEO Brook Taylor said.

Nguyen Hoai Thu, head of investment, public equities, and fixed income at VinaCapital, said: “Our funds rank among the best-performing funds in Vietnam, offering superior returns to their benchmarks and peers while demonstrating their resilience during market volatility.”

“In particular, our performance in the past two years has shown that VinaCapital open-ended funds have outperformed the market in both uptrend and downtrend thanks to our disciplined investment research, portfolio construction and risk management processes,” she said.

The total assets under management of VinaCapital’s four open-ended funds reached VND3,215 billion ($137.2 million), increasing by 4.4% year-on-year. VESAF accounted for VND994 billion ($42.4 million), VEOF for VND877 billion ($37.4 million), VIBF for VND496 billion ($21.2 million), and VFF for VND848 billion ($36.2 million).

The four funds have over 38,000 investors as of December 31, 2022, said VinaCapital, a leading investment management firm headquartered in Vietnam, with a diversified portfolio of over $3.7 billion in assets under management.

VESAF mainly invests in the listed stocks of leading companies with medium and small market capitalizations.

As of December 31, 2022, VESAF was invested in industrials (14.6%), materials (14.4%), financials (13.2%), technology (12.2%), consumer staples (7.9%), consumer discretionary (6.5%), real estate (6.2%), energy (3.7%), and utilities (3.0%) with FPT Group, Mobile World Group (MWG) and MBBank in the fund’s top holdings.

VEOF mainly invests in the listed stocks of companies with large and medium market capitalizations, distinct competitive advantages, and strong growth potential.

As of December 31, 2022, its sector weightings were financials (21.2%), consumer discretionary (11.7%), industrials (10.8%), technology (9.4%), materials (9.3%), real estate (8.7%), utilities (5.2%), consumer staples (4.2%), and health care (3.6%), with the fund’s top holdings including blue chip stocks such as FPT, MWG, and Vietcombank.

VIBF is a balanced open-ended fund that invests in quality bonds and listed stocks of companies with strong fundamentals and sustainable profitability. The fund has a strategic asset allocation of 50% to equities and 50% to fixed income.

As of 31 December 2022, VIBF mainly invested in real estate, consumer staples, and financials.

VFF invests in fixed-income instruments, including bonds of companies with strong financials and good management teams, certificates of deposits, and bank deposits. As of December 31, 2022, the fund’s assets were invested in fixed-income instruments issued by companies in the real estate, consumer staples, and utilities sectors.