The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Dragon Capital
Dragon Capital, a Vietnam-based investment manager with assets under management of $5.5 billion, has just announced that its Vietnam Equity (UCITS) Fund has issued a new sterling share class which, is in addition to its dollar and euro share classes, offers access to managers who need an open-ended product.

The move comes in response to growing demand and increased interest in emerging and frontier markets. 

Dragon Capital highlighted how the fund provides investors with broad exposure to Vietnam’s public equity markets and seeks medium to long-term capital appreciation through investing in companies in key sectors contributing to Vietnam’s economic growth. It integrates ESG and sustainable practices into its investment approach and is classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR).

Its new sterling share class comes as the fund has returned 183.39 per cent since inception in September 2013 compared with 155.64 per cent from the benchmark Vietnam Stock Index (VN-Index) and it returned 13.83 per cent in the past year compared with 11.14 per cent for the VN-Index, the firm said.  

Vietnam is also experiencing strong economic growth; GDP expanded by 5.1 per cent in 2023 and is projected to rise to 6 per cent to 6.5 per cent in 2024.