Other plans include offering its globally-listed ETFs to investors in Southeast Asia.
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Other plans include offering its globally-listed ETFs to investors in Southeast Asia.
ETF inflows in recent years have made Vietnam’s large-cap stocks more expensive, according to Dragon Capital.
Despite market headwinds, the Hong Kong-based firm believes it will get traction with two products at opposite ends of the risk spectrum.
The main risk is not from the US-China trade tension, which Vietnam could actually benefit from, according to Quynh Le Yen, Ho Chi Minh-based portfolio manager at Dragon Capital.
Barings’ head of Asean equities Soo Hai Lim expects an expansion of the tourism industry and economic growth potential in Vietnam to support the equity market.
A number of fund managers have singled out Vietnam as the most promising frontier market, but a more critical view comes from Ross Teverson, Jupiter Asset Management’s London-based head of strategy for emerging markets.
Despite the return of market volatility, a Vietnam equity fund managed by JP Morgan Asset Management has soared to the top as best performer, according to data from FE Analytics.
Korea’s Mirae Asset Global Investments is forming a joint venture with Vietnam’s State Capital Investment Corporation (SCIC), according to local reports.
Vietnam stands out among frontier markets because of economic growth, favourable stock valuations and abundant natural resources, argues Joshua Crabb, head of Asian equities at OMGI.
Good corporate governance is top of list when evaluating investments in Vietnam, according to industry sources.
Part of the Mark Allen Group.