From the beginning of 2023 to 30/06/2024, the VLGF Fund has achieved a return of 41.3%, nearly twice the 23.7% increase of the VN-Index.
Let’s hear from expert Nguyen Ba Huy, CFA – Portfolio Manager at SSI Asset Management (SSIAM), manager of the Vietnam Long-Term Growth Fund (VLGF), about the factors that have helped VLGF maintain stable growth over the years.
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What has helped VLGF achieve such a return amidst the economic and stock market fluctuations in recent years?
The success of the VLGF Fund can be summarized as adding good investments into the portfolio and avoiding bad ones. The fund not only focuses on the potential price increase of the investment but also emphasizes portfolio risk management. We focus on investing in leading companies with strong fundamentals and growth potential, while buying at attractive valuations to minimize risk and maximize returns. This strategy provides a safe position and significant growth potential for the portfolio. This combination helps us build a robust portfolio that can deliver good performance in any market conditions, aiming for effective investment and long-term value growth for investors.
Due to the fund's relatively large size (over VND 4 trillion) and high liquidity requirements, the VLGF Fund prioritizes investing in large, high-quality companies as well as mid-sized enterprises with growth potential - akin to rising stars benefiting from Vietnam's fast-growing economy. The VLGF Fund also focuses on long-term value rather than short-term fluctuations, emphasizing real value to withstand market volatility.
Does VLGF aim to become the best fund meeting the needs of all investors wanting to invest in open-ended equity funds in the Vietnamese stock market?
There is no single investment strategy that suits everyone. Each investor, with different circumstances, investment goals, and risk tolerance, will choose investment funds with different strategies. The VLGF investment strategy leverages the high growth rate of Vietnam's economy and is a suitable choice for investors who understand and want to benefit from long-term compound interest.
Regarding risk appetite, VLGF's strategy pursues low risk - above average return. The fund's goal is to increase value for investors in the long term with investment performance superior to market indices (VNI, VN30). Thus, the fund is not pressured to become the highest-yielding open-ended fund in the short term.
Explore investment opportunities with the VLGF Fund here.
Admin
Published:
22/07/2024
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