Vietnam Enterprise Investments (VEIL)

Business description

Vietnam Enterprise Investments objective is to achieve medium- to long-term capital growth by investing in the equity securities of companies primarily operating in, or with significant exposure to, Vietnam. VEIL adopts a bottom-up approach to investment selection and does not set portfolio allocations with reference to index weightings. The VN Index is used as a performance benchmark, which VEIL seeks to outperform on a rolling three-year basis.

Stock data

Market cap.£854.1m
Last close386.60p
High / Low (52 weeks)390.0p / 275.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

Vietnam Enterprise Investments (VEIL) is a specialist actively-managed, closed-ended investment company that is the largest and longest established fund focused on Vietnam-listed equities. Launched in 1995, it moved its listing to the LSE in July 2016 and has been included in the FTSE 250 Index since 18 July 2017. VEIL’s well-resourced investment team adopts a rigorous, bottom-up approach, aiming to achieve capital growth from a portfolio that typically comprises 35 to 40 holdings. Absolute performance has been notably strong over one year and VEIL’s NAV total return has outperformed its VN Index benchmark over one, three, five and 10 years. The manager believes Vietnam’s stock market valuation is compelling and expects a number of attractive near-term opportunities to arise from the strong pipeline of prospective new listings and placings.

Last updated on 25/07/2017

Company address

Maples Corporate Services Limited
PO Box 309, Ugland House
KY1-1104
Cayman Islands
+380 44-490-7120
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