Vietnam has emerged as a bright spot in the Asia Pacific region given its strong economic growth coming out of the pandemic.
Amid growing global political and economic uncertainties, Vietnam is becoming a beneficiary of companies looking to diversify their supply chains in the Asian region.
Against this backdrop, FSA shares five top-performing active Vietnam-focused equity funds available for distribution in Hong Kong and Singapore.
Lemanik KIM Vietnam Growth
The KIM Vietnam Growth fund is up 16.96% over the past 12 months, well ahead of the FTSE Vietnam index loss of 8.76%. It is also top performer over three years with a 65.17% return for the period.
The strategy is managed by Lemanik Asset Management, an independent investment bouqitue headquartered in Switzerland. It invests in growth stocks with a buy-and-hold approach.
IFM Independent Fund Management AG Lumen Vietnam
The Lumen Vietnam fund is up 15.11% over the past year, well ahead of the index loss and the 5.54% return from the Singapore Equity – Asia Pacific ex Japan peer group. Over three years, it is up 33.97%.
Run by Swiss boutique manager Aquis Capital, this strategy aims to outperform by placing a focus on promoting certain ESG characteristics and integrating sustainability risks into its investment process.
Amundi Vietnam Opportunities
The Amundi Vietnam Opportunities fund is up 13.43% over past year, well above the index and the 5.72% return of its peer group, the Hong Kong Equity – Other Asia Pacific Single Country sector. Over the past three years the strategy is up 15.91% following a difficult year in 2022.
Run by Amundi’s Thomas Yeung, the managers run a fairly concentrated strategy where its top-10 accounts for roughly two thirds of its portfolio, versus the FTSE Vietnam All-Share index top-10 weighting of 53.19%.
JP Morgan Vietnam Opportunities
The JP Morgan Vietnam Opportunities fund delivered 11.4% over the past 12 months, well ahead of its benchmark the MSCI Vietnam IMI index, which is up only 2.65% over the same period.
The $286m strategy is run by JP Morgan’s Chang Qi Ong, Chate Benchavitvilai and Desmond Loh who are overweight financials and industrials relative to its benchmark – two sectors likely to benefit from strong economic growth in the region.
Lion Global Vietnam
The LionGlobal Vietnam fund is up 5.23% over the past year, versus the 8.76% loss from the FTSE Vietnam index.
Run by Lion Global Investors, this strategy is run by Kok Fook Meng who is currently running a high cash position of 14%, according to its latest factsheet, which has likely helped cushion its performance versus the falling index.
