NAV of VinaCapital's VOF plunges $54 million in November

VNStockNews.com - Compared with late October, Net Asset Value of Vietnam Opportunity Fund (VOF) in November tumbled $54 million or 6.5 percent from $833 million down to $779 million, NAV of each VOF fund unit reduced by $2.57 to $2.4.

Excepting the depreciation of the dong against US dollar, the tumble was 4.8 percent while the VN Index last month fell 14.1 percent.

November was also the first month VOF recorded the NAV reduction after eight consecutive increasing months. Since the year early, NAV of VOF still grew by 28.7 percent.

Within November, the investment portfolio of VOF lost 11.3 percent in value. In which, the value of listed share portfolio plunged by 14.7 percent while that of the stocks on unofficial stock market surged 19.5 percent thanks to the price rises of shares of Halico and An Giang Plant Protection JSC (AG PPS).

Currently, the listed share portfolio accounted for 39.9 percent of the fund's NAV. The top five share codes making the highest ratio of VOF's investment portfolio still are EIB (7.1 percent of NAV), VNM (4.9 percent), HPG (4.3 percent), DIG (3.8 percent) and DPM (2.3 percent). Other investment items include real estate (accounting for 27.1 percent of VOF's NAV), private enterprises 8.9 percent, shares of the informal stock market 6.2 percent, overseas investment 3.3 percent and bonds 1.1 percent.

Cash and other funds of VOF occupied 13.6 percent equalling to $105.9 million.

Apart from VOF, VinaCapital also manages two big funds VinaLand Limited and Vietnam Infrastructure Limited.

On October 30, the NAV of both funds were reported at $655 million and $265 million in turn.