VinaCapital’s VOF was the second best performer last year. (Photo vinacapital.com)Despite global disruptions affectingall economic sectors due to COVID-19, most big investment funds in Vietnam’sstock markets recorded growth of over 15 percent in 2020, outperforming thegrowth of the general market.
Positive performance of the stock markethas contributed to the strong growth of investments funds’ portfolios. TheVN-Index ended the last trading day of 2020 at 1,103.87 points, rising 14.87 percentcompared to the beginning of the year.
Pyn Elite Fund witnessed the bestperformance in Vietnam’s stock market in 2020. The fund’s net asset value pershare (NAV/share) rose up to 31 percent, according to its official website. Thegrowth is the result of holding banking shares, including Vietinbank (CTG),HDBank (HDB), TPBank (TPB) and MBBank (MBB), as well as investing in VFMVNDiamond ETF. At the moment, VFMVN Diamond ETF is one of the ten biggestinvestments of Pyn Elite Fund, with an approximate value of 35 million USD.
VinaCapital’s VOF was the secondbest performer last year, with the NAV/share up nearly 25 percent. Over thelast year, big investments of the fund’s portfolios, such as Hoa Phat Group(HPG) and Asia Commercial Bank (ACB), have borne fruit. The disinvestment inInternational Dairy Products Joint Stock Company (IDP) also contributed to thegrowth.
VFMVF1, which is managed by VFM,also recorded good performance, rising 23.8 percent. The fund mostly investedin high performance stocks such as HPG, Nam Tan Uyen Joint Stock Company (NTC)and ACB.
The growth of the VN30 index in 2020supported the VFMVN30 ETF, with the NAV/share rising 21.8 percent, followed bySSIAM VNX50 (up 21.4 percent).
Two foreign investment funds,including Dragon Capital (VEIL) and Singapore LionGlobal Vietnam Fund,both rose approximately 21 percent last year.
Foreign ETFs also had positiveperformance in 2020, such as FTSE Vietnam ETF rising 16 percent, PremiaMSCI Vietnam ETF by 14 percent, and VNM ETF rising 9.2 percent.
Vietnam Holdings had thepoorest performance in 2020 with the NAV/share growing just 9.1 percent.
According to reports from HoSE, aseries of local ETFs were founded in 2020. These ETFs attracted a huge amountof capital and have become a source of support for the market during difficultperiods.
Even though funds struggled duringthe bear market which occurred last March and April, the capital inflow to VietnamETFs increased dramatically at the end of 2020.
In December alone, the capital inflowto ETFs reached 140 million USD, mostly going to VFMVN Diamond ETF and FTSEVietnam ETF. Of which, VFMVN Diamond ETF attracted 77.3 million USD in December2020. International investment funds like Dragon Capital and Pyn Elite Fundplayed important roles for the recent inflow of capital.
In short, Vietnam ETFs attracted 176million USD in 2020, with up to 235 million USD in capital poured into themarket./.
VNA
