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AFC Vietnam Fund Blog

AFC Vietnam Fund Market Updates - English

AFC Vietnam Fund Market Updates - German

* The representative of the AFC Vietnam Fund in Switzerland is ACOLIN Fund Services AG, succursale Geneve, 6 Cours de Rive, 1204 Geneva. The distribution of Shares in Switzerland must exclusively be made to qualified investors. The place of performance and jurisdiction for Shares in the Fund distributed in Switzerland are at the registered office of the representative.

** The AFC Vietnam Fund is registered for sale to investors in Japan, Switzerland (qualified investors), Hong Kong & UK (professional investors) and Singapore (accredited investors).

*** By accessing information contained herein, users are deemed to be representing and warranting that they are either a Hong Kong Professional Investor or are observing the applicable laws and regulations of their relevant jurisdictions.

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AFC Vietnam Fund Performance

Net Fund Performance - USD - Net

AVF-Perf-Chart.jpg

AFC Vietnam Fund

NAV as of 31st May 2024
NAV 3,272.23
Since Inception +227.22%
Inception Date 23/12/2013

 

Monthly Performance AFC Vietnam Fund
 USDJanFebMarAprMayJunJulAugSepOctNovDecYTD
2013                       +2.37% +2.37%
2014 +8.75% +4.50% +2.18% -4.65% -0.32% +1.45% +1.86% +5.49% +3.87% +2.83% +2.50% +0.60% +32.50%
2015 +0.44% +1.76% -0.96% +1.93% -0.48% +0.06% +0.22% -4.57% +1.18% +6.90% -1.82% +0.25% +4.62%
2016 -0.10% +3.30% +1.28% +3.17% +1.40% +4.97% +3.00% +0.13% +0.11% -1.83% +0.88% -1.76% +15.29%
2017 +1.90% +1.10% +1.94%  +1.03%  +2.96% +4.52% +1.94% -4.38% +1.09% -0.75% +1.47% +0.01% +13.33%
2018 +0.41% +0.42% +0.58% -0.93% -3.24% -0.12%  -1.28% +0.79% +3.02% -2.15% +0.45% -2.05% -4.17%
2019 -1.63% +2.90% +1.58% +0.82%  -3.35% +1.98% +1.18% +1.63% -1.89% -2.34% -2.22% +2.31% +0.70%
2020 -1.41% -3.93% -18.44% +12.72% +4.28% -0.28% +0.78% +8.65% +6.02% +0.73%  +6.91% +12.77% +27.66%
2021 -1.89% +9.49% +5.84% +1.58% +6.37% +8.37% -1.30% +8.47% +3.80% +4.47% +2.42% -1.69% +55.61%
2022 -2.51% +1.92% +5.99% -5.82% -5.86% -3.73% +2.50% +1.76% -10.01% -10.53% +1.35% +6.09% -18.84%
2023 +4.70% -5.71% +3.80% +2.17% +3.42% +3.01% +6.09% -3.53% -2.91% -8.13% +4.58% +2.38% +9.02%
2024 -2.24% +0.49% +2.47% -3.72% +7.35%               +4.05%

 

Security Numbers
ISIN KYG0133A1673
CUSIP G01333A167
Bloomberg AFCVIET KY
Valoren 23095153
Risk Classification for Hong Kong Investors High Risk

* By accessing information contained herein, users are deemed to be representing and warranting that they are either a Hong Kong Professional Investor or are observing the applicable laws and regulations of their relevant jurisdictions.

** The AFC Vietnam Fund is registered for sale to investors in Japan, Switzerland (qualified investors), Hong Kong & UK (professional investors) and Singapore (accredited investors).

*** For Switzerland only: This is an advertising document. The state of the origin of the fund is the Cayman Islands. This document may only be provided to qualified investors within the meaning of art. 10 para. 3 and 3ter CISA. In Switzerland, the representative is Acolin Fund Services AG, Leutschenbachstrasse 50, 8050 Zurich, Switzerland, whilst the paying agent is NPB Neue Privat Bank AG, Limmatquai 1 / am Bellevue, 8024 Zurich, Switzerland. The basic documents of the fund report may be obtained free of charge from the representative. Past performance is no indication of current or future performance. The performance data do not take account of the commissions, if any, and fund transfer costs incurred on the issue and redemption of units.

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About AFC Vietnam Fund

AFC Vietnam Fund is managed by Asia Frontier Capital (Vietnam) Limited. The fund aims to achieve long-term capital appreciation for investors by capturing value in undervalued listed Vietnamese equities with a focus on small to medium size companies.

The Cayman Islands domiciled fund is managed under the executive leadership team of Thomas Hugger and Andreas Vogelsanger. This team has more than 50 years of investment experience as well as extensive experience working in Asia, having held senior positions in Cambodia, Hong Kong, Singapore, Sri Lanka, and Thailand.

For more information on the fund's performance or to receive our latest fund factsheet and investor presentation please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

Alternatively, you can find further details using the links on the left.

AFC Vietnam Fund Investment Strategy

The AFC Vietnam Fund is designed to offer investors high returns from growth in equity markets in Vietnam whilst offering a portfolio that has low correlation with global equity markets. The fund aims to achieve long-term capital appreciation for investors by capturing value in in undervalued listed Vietnamese equities over the next 5-7 years, predominantly targeting the small to medium size company segment.

Vietnam has very compelling growth prospects with an attractively valued market that has significant room to grow. Competitive labour costs combined with improvements in human capital as well as economic and trade environments present a strong case for market development. Vietnam has had a stable currency and increasing foreign reserves over the past two years and high GDP growth rates are being supported by fiscal and monetary policy.

Vietnam's markets have seen several years of consolidation since dropping from their highs in 2007 and improving fundamentals will support domestic markets in the next economic cycle.  Reaching previous highs in coming stock market cycles would mean a potential increase of several hundred percent in local terms.

For more information on AFC Vietnam Fund please login to review our latest fund factsheet and investor presentation or be in touch with any questions at This email address is being protected from spambots. You need JavaScript enabled to view it..

AFC Vietnam Blog

Welcome to Asia Frontier Capital

 

 AFC Vietnam Fund - News and Updates