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Intereffekt Frontier Vietnam (IFV) is a subsidiary fund of Intereffekt Investment Funds N.V., established with a so-called umbrella structure. IFV is an equity fund.

Fund shares in IFV are managed by the Frontier Markets Team of TRUSTUS, under which are also local staff active in Ho Chi Minh City. IFV invests in locally listed shares on the exchanges in Ho Chi Minh City and Hanoi. In addition to the official exchanges, the financial markets in Vietnam have a large and well-spread over-the-counter (OTC) market. This is where shares of public companies are traded for a short time with the intent of listing on one of the official exchanges in the future. The OTC positions may make up to a maximum of 20% of the fund’s portfolio. Moreover, there are a number of possibilities that may arise during current market conditions that may call for emergency sales of assets. This creates the opportunity for IFV to purchase assets from investment institutions at large discounts with respect to the underlying net asset value (NAV).

The risk profile is high, due to investments being channelled into emerging/frontier markets in Vietnam.

Historically there has been a lower correlation between global financial markets and frontier markets, because the latter is generally less sensitive to international developments.