Friday, March 29, 2024 11:59:38 AM - Markets open
VN-INDEX 1,284.02 -6.16/-0.48%
HNX-INDEX 243.11 -0.80/-0.33%
UPCOM-INDEX 91.55 +0.07/+0.08%
Open-end funds outperform VN-Index in 2016
vietnamplus.vn - 1/13/2017 8:56:24 AM
 (0 ratings. You must sign in to rate.)
Open-end funds operating in Vietnam have recorded a positive 2016 with rate of returns of some funds outperforming the growth of the benchmark VN-Index on the HCM Stock Exchange.

The VN-Index closed last year up 14.8 percent over December 31, 2015. This is the general profitability of the market but actual earnings depended on the portfolios of investors.

Open-end funds were among few traders who beat the growth of the Index in 2016.

SSI Sustainable Competitive Advantage Fund (SSI-SCA) reported the highest growth rate in net asset value (NAV) of 24.3 percent as of January 5, 2017, its best result since it began operating in 2014.

The fund, managed by SSI Asset Management Co Ltd, focuses on investments in companies with sustainable competitive advantages and fixed income assets.

According to the fund’s November report, four top holdings of the funds accounted for 33.2 percent of its total portfolio, including steelmaker Hoa Phat Group (HPG), 13.7 percent; Dabaco Group (DBC), 8.7 percent; dairy firm Vinamilk (VNM), 5.9 percent; and Coteccons Construction JSC (CTD), 4.9 percent.

Except Vinamilk which declined 2 percent, the other three stocks posted big gains last year with price rises of between 19 percent and 50 percent, of which HPG and DBC increased 50 percent and 41 percent, respectively by the end of December.

The second most profitable fund in 2016 was a fund managed by VietFund, Vietnam Securities Investment Fund (VFMVF1), with NAV growth of around 23 percent last year, as quoted by Bloomberg.

Its top holdings also included large-cap stocks like Vinamilk, software producer FPT Corp (FPT), PetroVietnam Nhon Trach 2 Power JSC (NT2), Dabaco Group and Hoa Phat Group (HPG).

The other two funds which outperformed the VN-Index were Vietnam Blue Chips Fund (VFMVF4) a 20 percent, and VCBF Blue Chip Fund (VCBF) at 19.5 percent.

Six of the 10 Vietnam-based open-end funds also performed well last year, though their growth was below the VN-Index expansion, with NAV increases of between 10 percent and 17 percent.

The average NAV growth of these 10 funds reached 17.5 percent in 2016.

These figures have shown that investing in open-end funds brought higher returns compared to depositing in banks or self-investments. In fact, not many individual investors can outperform the market indices as the factors such as allocation of shares, holding period or time of purchase/sale decide profit margins of investors
Newer News
23/03 Shares sustain gains on strong investor confidence
20/03 Vietnamese securities companies race to boost capital amid high market demand
19/03 Large-caps pressured as increased profit-taking drives share decline
18/03 Market likely to be affected by Fed's meeting this week
18/03 Investors show strong interest in dividends at annual shareholders' meetings
15/03 VN-Index corrects, liquidity stays high
14/03 Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
13/03 Market rebounds from cautious sentiment
12/03 Losses in bank stocks weigh on market sentiment
12/03 ETFs continue to see strong outflows of foreign capital
Older News
12/01 Banks, energy firms push market up
11/01 Finance stocks push VN Index down
10/01 Energy, banks drive up VN Index
10/01 Brokerages: Bank stocks remain attractive this week
09/01 Short-term resistance ahead
07/01 Stock assets of 500 richest billionaires reach US$7.3 billion
07/01 City shares led forwards by banks
06/01 Steel and realty carry HCM Exchange
05/01 Oil stocks lead market for second day
04/01 VN stocks up at start of 2017
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 11:55:25 AM
VN-INDEX 1,284.02 -6.16/-0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.