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VinaCapital funds outperform benchmarks
VinaCapital Fund Management Joint Stock Company has said its funds ended the first quarter on a high note, with all of them significantly outperforming their respective benchmarks on both year-to-date and three-year bases.
Open-ended funds from VinaCapital Fund Management JSC achieved among the highest returns in their respective categories in the year’s first quarter. — Illustrative Photo
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Its VinaCapital Equity Special Access Fund (VINACAPITAL-VESAF), VinaCapital Equity Opportunity Fund (VINACAPITAL-VEOF), and VinaCapital Modern Economy Equity Fund (VINACAPITAL-VMEEF) gave returns of 14.4 per cent, 16.4 per cent and 18.1 per cent against the VN-Index’s 13.7 per cent.
The Insights Balanced Fund (VINACAPITAL-VIBF), and VinaCapital Enhanced Fixed Income Fund (VINACAPITAL-VFF) gave 15.5 per cent and 1.8 per cent returns compared to their benchmarks’ 7.5 per cent and 1.2 per cent.
On a three-year annualised basis, as of March 31, 2024, VINACAPITAL-VESAF led with a return of 17.8 per cent per annum, followed by VINACAPITAL-VEOF with 15.2 per cent. Both significantly outperformed their benchmark and retained their rankings as the market’s best performing open-ended funds, respectively first and second.
The balanced fund, VINACAPITAL-VIBF recorded a three-year annualised return of 10.7 per cent per annum, outperforming its benchmark’s return of 4 per cent.
VINACAPITAL-VFF, the bond fund, locked in a three-year annualised return of 8 per cent while its benchmark’s three-year annualised return was 5.6 per cent.
The total assets under management by the five open-ended funds were worth VNĐ4.68 trillion (US$185.43 million), a 51.3 per cent increase year-on-year.
They had 55,000 investors as of March 31.
Brook Taylor, CEO of VinaCapital Fund Management JSC, said: "As we reflect on the first quarter of 2024, the outstanding performance of VinaCapital's open-ended funds is a testament to our robust investment strategies and the unwavering trust our clients place in us. Our team's expertise and deep market insights have allowed us to capitalise on opportunities that have ultimately delivered exceptional value to our investors. We are committed to sustaining this excellence and continuing to set the benchmark for superior fund management."
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