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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.£1036.1m
Last close469.00p
High / Low (52 weeks)499.0p / 390.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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Company news

Why this Vietnam fund chose to list 6300 miles away in London

Wed, 15 Jun 2016 10:57:03 GMT

Vietnam Enterprise Reap Benefit Of Record-Breaking Vietnam Economy

Tue, 17 Apr 2018 16:30:00 GMT

Roar: Dragon Capital brings Vietnam investment opportunity to the world – via ...

Tue, 05 Jul 2016 06:01:11 GMT

Investment trusts' discounts narrow as demand rises

Fri, 10 Nov 2017 04:52:30 GMT

VEIL inducted into FTSE 250 Index

Thu, 20 Jul 2017 17:26:01 GMT

Investment summary

Vietnam Enterprise Investments (VEIL) was launched in 1995 and became a member of the FTSE 250 in July 2017. It is the largest and longest established closed-ended fund focused on investing in Vietnam equities. The fund’s objective is to generate long-term capital growth through applying a rigorous, bottom-up approach to selecting companies that can benefit from the underlying secular drivers of the country’s growth. Unconstrained by benchmark weightings, the portfolio of 35–40 highconviction stocks often differs meaningfully from the VN Index. VEIL has generated strong absolute gains over the long term, and over 10 years has delivered annualised returns of 14.2%. The VN Index peaked in April 2018, following which it has corrected c 24% to a level that, according to the manager, presents exciting long-term investment opportunities.

Last updated on 19/11/2018

Key management

Nick Ainsworth, Chief Marketing Officer
Rachel Hill, Investor Relations

Company address

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