London, UK, 29 September 2022
Edison issues update on Vietnam Enterprise Investments (VEIL)
Vietnam Enterprise Investments (VEIL) is the largest and oldest Vietnamese equities closed-end fund listed on the London Stock Exchange. The fund is positioned to capitalise on Vietnam's very positive long-term growth prospects. Its long track record of outperformance of both its benchmark and its peers attests to the effectiveness of its stock selection process. Manager Dien Vu and his colleagues are confident in their ability to continue identifying those companies best placed to benefit from Vietnam's vibrant growth story, and they see the recent market pull-back as an opportunity for investors to gain exposure to this market at particularly attractive levels.
VEIL's strong absolute and relative performance compared to both its benchmark and its peers is likely to appeal to investors. As well as realising its objective of outperforming the benchmark on a rolling three-year basis, the fund has made average annualised returns of 19.8% on an NAV basis, and 18.9% on a share price basis over the 10 years to end-August 2022, compared to a benchmark return of 12.5%. Investors may also be attracted by the fact that VEIL's share price is currently trading at a 21.1% discount to its NAV. This is well above its historical average, which appears unjustified given the fund's performance track record. We see scope for the discount to narrow once recent market jitters subside.
Click here to view the full report here to sign up to receive research as it is published.
All reports published by Edison are available to download free of charge from its website
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach†in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
