Investing in Vietnam
Fund profile
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Fund
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Intereffekt Frontier Vietnam (a subsidiary fund of Intereffekt Investment Funds N.V.)
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Type of Fund
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Equity fund
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Stock exchange listing
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NYSE Euronext Amsterdam, since
January 12th 2009 |
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Buying and selling
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Every trading day trough any bank or broker
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Structure
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Open-ended (that is to say, new shares are issued on demand and existing shares are bought when offered)
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Investment Objective
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Capital growth
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Investment Policy
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A minimum of half of the fund’s portfolio will be invested in shares listed on the exchanges in Ho Chi Minh City and Hanoi. Up to a maximum of 20% of the fund’s portfolio will be invested in shares traded on the Vietnamese over-the-counter (OTC) market. This will depend on the liquidity of the market. |
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Risk Profile
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High due to investments being channelled into emerging/frontier markets in Vietnam.
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Correlation
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Historically there has been a lower correlation between global financial markets and frontier markets, because the latter is generally less sensitive to international developments.
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Benchmark
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The manager will not use a benchmark as a gauge for the purposes of determining investment policy or comparing the results achieved by the fund.
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Tax-related aspects
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No company tax is levied on profit achieved by Intereffekt Investment Funds N.V.
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Managing Company
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TRUSTUS Capital Management B.V.
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| Fund Managementteam |
Frontier Markets Team of TRUSTUS, with local presence in Vietnam: Rick Boerkamp |
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Management Fee
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2% per annum
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Performance Fee
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10% per annum (high watermark) subject to a profit threshold of 10% (this means that, if the return achieved in a financial year exceeds 10%, a performance fee of 10% will be charged).
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Expense Ratio
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3.29% (2012 forecast)
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Maximum positive deviation upon NAV
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0.5%
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| Maximum negative deviation upon NAV | 0.5% |
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ISIN Code
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NL0006489189
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Trading Symbool
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INVIE
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