Samsung Asset Management "Vietnam Fund, No.1 in Returns Among Overseas Equity Funds in China This Year"

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 18th that the ‘Samsung Vietnam Fund’ has posted the highest returns among public overseas equity funds so far this year.

According to financial information provider FnGuide, as of the previous day, the Samsung Vietnam Fund’s year-to-date, recent 6-month, and recent 1-year returns were 59.1%, 45.3%, and 97.7%, respectively, ranking first among public overseas equity funds. The Samsung Vietnam Fund invests in representative stocks by sector in Vietnam, which continues to show stable growth. It is entrusted to be managed by Dragon Capital, the largest local asset management company.

Vietnam is regarded as a model country for COVID-19 quarantine measures. However, from May to August, mainly in the southern region, the spread of the COVID-19 Delta variant caused a temporary slowdown in economic activity in the third quarter. In response, the Vietnamese government contracted for 120 million vaccine doses and is actively responding by continuing daily vaccinations at a level of 250,000 to 550,000 doses. Consequently, the recent reaction of the Vietnamese stock market has been positive. The Vietnam VN Index recorded 1243.51 on July 19 and has been rapidly rebounding again, supported by strong buying from foreign investors.

Jang Hyun-jun, manager at Samsung Asset Management, said, “The Vietnamese government’s COVID-19 response policy has recently shifted from strict control to accelerating vaccinations and normalizing the economy,” adding, “This is expected to accelerate corporate activities from the third quarter as a low point. Considering the relatively low price level compared to other emerging markets, we have a positive outlook on the Vietnam market’s performance in the second half of the year.”

This content was produced with the assistance of AI translation services.