VNStockNews.com - Vietnam Investment Fund Management Joint Stock Co (VFM) has recently announced portfolio of its three membership funds including VF1 (HOSE-listed VFMVF1), VF4 (HOSE-listed VFMVF4) and VFA (HOSE-listed VFMVFA).
Accordingly, the net asset value (NAV) of these funds decreased after the HNX Index ended October with a fall of 11.34% and VN Index slashed 0.42%.
NAV of VF1 in October saw a fall or 0.6%, higher than the fall of VN Index of 0.42% and equalling to one twelfth of the decrease of HNX Index. In comparison with the beginning this year, VF1’s NAV dropped 5.8% while the VN Index and HNX Index slipped 8.5% and 32.9% respectively.
In October, VF1 made some changes in its NAV structure whereby the fund reduced holding ratio of bonds from 3% NAV to zero% and increased the holding of listed shares from 66.8% NAV to 69.3% NAV. The fund’s disbursement in October reduced its cash source in the portfolio from 9.9% to 7.2%.
The fund’s portfolio for fields in October seemed to remain unchanged, mainly focused on infrastructure, real estate and materials mining.
VF1’s net disbursement in October focused on three sectors including real estate, mining materials and industrial chemicals while VF1’s net payment focused on real estate and banking sector.
Till October 31, 2010, VF1’s four key sectors including banking, real estate, foods and mining materials accounted for 72.4% NAV in the fund’s portfolio.
VF4 reduced its cash source and other assets from 7.2% to 2.4%.
VF4’s NAV in October also decreased 2.2% to 9,039 dong per fund certificate (after deducting 1,000 dong per fund certificate for dividend advance in the first phase of 2010).
In month, VF4’s holding for listed shares increased from 90% (September 30) to 94.7% (October 31, 2010).
VF4’s cash and other assets also fell from 7.2% to 2.4%.
In month, the fund still focused on three sectors including materials, mining, infrastructure-real estate and industrial goods.
Till October 31, 2010, VF4 owned totally 33 investments in shares out of 11 field groups (remained unchanged in comparison with September 2010). Of which, materials and mining accounted for 26.8%, infrastructure-real estate (23.5%) and industrial goods (12.9%).
VFA’s cash increased slightly from 38.7% to 41% in October.
In October, VFA’s NAV decreased 1.6%.
