A series of investment funds report strong growth in profits in January. (Photo: tinnhanhchungkhoan.vn) Hanoi (VNS/VNA) — After recording a difficult yearwith heavy losses in 2022, earlier this year a series of investment fundsreported strong growth in profits.
In the recently published January performance report, Pyn EliteFund announced that the fund's investment performance reached 10.33 per cent.This is the highest level this foreign fund has ever achieved in January sincepouring capital into Vietnam 10 years ago.
As of January 31, 2022, the net asset value per certificate of PYNElite reached more than 436 EURO (467.5 USD). Assets under management (AUM)amounted to more than 759 million EURO, equivalent to 19.24 trillion VND, anincrease of 77 million EURO, equivalent to an increase of 1.9 trillion VNDcompared to the end of 2022.
The top 10 largest investments in the portfolio, which account for86.9%, included five banking stocks and VNFinLead ETF fund certificatessimulating financial groups of banking, securities, and insurance. VNFinLeadETF has had the third consecutive month in the top 10 largest investments ofPYN Elite Fund.
Lumen Vietnam Fund also recorded a growth performance of 14.11% inJanuary. The above performance was achieved thanks to the fund's focus onallocating industrial, real estate and financial stocks. January 2023 was thehighest-performing January since the fund started operating in Vietnam in2013.
Vietnam Enterprise Investment Limited (VEIL), a fund underDragon Capital, also recorded a positive performance of 10.9% in January.
According to VEIL, the performance improved thanks to a morepositive domestic and global macro outlook. Domestically, the easing ofmonetary policy, allowing liquidity to return to the market, coupled with animpressive 8 per cent economic recovery in 2022, the highest growth rate in tenyears.
The top 10 stocks of VEIL currently include Asia Commercial Bank(ACB), Vpbank (VPB), Mobile World Group (MWG), Hoa Phat Group (HPG),Vietcombank (VCB), FPT Corporation (FPT), Becamex IDC Corp (IDC), PetroVietnamTechnical Services Corporation (PVS), Vinhomes (VHM) and Phu Nhuan Jewelry(PNJ).
Two other foreign funds including Vietnam Holding Limited andVaneck Vectors Vietnam ETF also recorded positive performance in January 2023.Accordingly, Vietnam Holding Limited grew by 7.72% and Vaneck Vectors VietnamETF recorded a yield of 9.09%./.
