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IN BRIEF: Vietnam Enterprise net asset value declines monthly

14th Mar 2023 11:08

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Net asset value decreases by 11% to USD7.76 per share as of February 28 from USD8.70 at January 31. This is compared to a fall of 9.0% in its reference index, the Vietnam index. VEIL Portfolio Manager Dien Vu says: "Following two months of double-digit returns the Vietnam Index fell 9.0% in February. This was mainly due to unease over recent missed payments in the corporate bond market and renewed concerns of a higher terminal Federal Reserve rate."

Current stock price: 554.00 pence each, down 2.0% on Tuesday morning in London

12-month change: down 23%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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