Many foreign funds enjoy profits in January

HÀ NỘI — After recording a difficult year with heavy losses in  二0 二 二, earlier this year a series of investment funds reported strong growth in profits.

In the recently published January performance report, Pyn Elite Fund announced that the fund's investment performance reached  一0. 三 三 per cent. This is the highest level this foreign fund has ever achieved in January since pouring capital into Việt Nam  一0 years ago.

As of January  三 一,  二0 二 二, the net asset value per certificate of PYN Elite reached more than  四 三 六 Euros. Assets under management (AUM) amounted to more than  七 五 九 million euros, equivalent to VNĐ 一 九. 二 四 trillion, an increase of  七 七 million euros, equivalent to an increase of VNĐ 一. 九 trillion compared to the end of  二0 二 二.

The top  一0 largest investments in the portfolio, which account for  八 六. 九 per cent, included  五 banking stocks and VNFinLead ETF fund certificates simulating financial groups of banking, securities, and insurance. VNFinLead ETF has had the third consecutive month in the top  一0 largest investments of PYN Elite Fund.

Lumen Vietnam Fund also recorded a growth performance of  一 四. 一 一 per cent in January. The above performance was achieved thanks to the fund's focus on allocating industrial, real estate and financial stocks. January  二0 二 三 was the highest-performing January since the fund started operating in Việt Nam in  二0 一 三.

Vietnam Enterprise Investment Limited (VEIL), a fund under Dragon Capital, also recorded a positive performance of  一0. 九 per cent in January.

According to VEIL, the performance improved thanks to a more positive domestic and global macro outlook. Domestically, the easing of monetary policy, allowing liquidity to return to the market, coupled with an impressive  八 per cent economic recovery in  二0 二 二, the highest growth rate in ten years.

The top  一0 stocks of VEIL currently include Asia Co妹妹ercial Bank (ACB), Vpbank (VPB), Mobile World Group (MWG), Hoà Phát Group (HPG), Vietcombank (VCB), FPT Corporation (FPT), Becamex IDC Corp (IDC), PetroVietnam Technical Services Corporation (PVS), Vinhomes (VHM) and Phú Nhuận Jewelry (PNJ).

Two other foreign funds including Vietnam Holding Limited and Vaneck Vectors Vietnam ETF also recorded positive performance in January  二0 二 三. Accordingly, Vietnam Holding Limited grew by  七. 七 二 per cent and Vaneck Vectors Vietnam ETF recorded a yield of  九.0 九 per cent. VNS