Samsung Asset Management, Long-Term Investment in Select Blue-Chip Stocks... Vietnam Fund Yields 83% Profit

2022 Asia Fund Awards - Best Overseas Fund Award

Seobonggyun, CEO of Samsung Asset Management

[Asia Economy Reporter Lee Jung-yoon] The Samsung Vietnam Fund by Samsung Asset Management was selected as the Best Fund in the Overseas Fund category at the 2022 Asia Economy Fund Awards.

Samsung Asset Management, the largest asset management company in Korea with assets under management of 300 trillion KRW, saw its Samsung Vietnam Fund achieve a return of 83.7% last year, ranking first among overseas equity funds and earning this award.

This fund invests in representative stocks by sector in Vietnam and, based on the fund manager's investment conviction, makes long-term investments in a small number of large-cap blue-chip stocks. Despite the unstable global financial environment caused by volatility such as COVID-19, the fund has demonstrated outstanding returns.

Vietnam has implemented reform measures such as abundant labor force, political stability, and improved conditions for foreign investment, with the working population showing a continuous upward trend. Foreign investment is increasing under exceptional conditions such as free provision of factory sites and a four-year corporate tax exemption. In fact, even in 2020, when the global economy was in recession due to COVID-19, Vietnam recorded a growth rate of 2.9%.

Meanwhile, Samsung Asset Management also has strengths in equity and bond management beyond this fund, leading the market by introducing financial products and service systems that were previously unavailable in the Korean market. In particular, major overseas funds such as the Samsung Vietnam Fund have established themselves as industry-leading funds with long-term and stable performance.

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