Vietnam Asset Management

Vietnam Asset Management (VAM)

Type	Limited liability
Industry	Asset management
Founded	2006
Headquarters	Ho Chi Minh City, Vietnam
Products	Closed-end Vietnam equity funds Open-end Vietnam equity funds Open-end Vietnam equity unit trusts Private managed accounts Direct/co-investments
Number of employees	15
Website	www.vietnamam.com

Vietnam Asset Management (VAM) is a fund management company founded in 2006 by John Lyn (Executive Chairman), Nguyễn Xuân Minh (Chief Executive Officer/Chief Investment Officer)^[1] and Nguyen Hoai Thu (Investment Director/Head of Research).^[2] They are currently key managers of VAM. VAM is domiciled in the British Virgin Islands, the United Kingdom as a limited liability company. VAM has a liaison office in Singapore and a representative office in Ho Chi Minh City, Vietnam.

VAM is a company that primarily engages in public and private equity investment and advisory services in Vietnam. VAM manages Vietnam equity dedicated closed-end funds, open-end Vietnam equity funds, and unit trusts which are offered to investors, both institutional and individual, in Europe, Dubai, Japan, Singapore, Malaysia, etc. In addition, VAM also provides financial advisory services to Vietnamese enterprises and investment advisory services to global investors who want to invest in Vietnam equity market.

In September 2007, UOB-Kay Hian and Dubai Investment Group, a Dubai Holding company, bought strategic stakes in VAM and appointed their Senior Executives to sit in VAM's Board of Directors. Concurrently, they invested into one of VAM's closed-end funds.^[3]^[4] In 2008 and 2009, VAM launched in cooperation with HLG Asset Management of Malaysia, a Hong Leong Group company, two Vietnam equity dedicated open-end unit trusts, the Hong Leong Vietnam Fund^[5] and the Hong Leong Vietnam Strategic Fund,^[6] for Malaysian investors. In 2008, VAM was the first Vietnam fund manager to launch a Vietnam Index Linked Fund, which it distributes in cooperation with H.S. Securities of Japan.

Investment strategy and process

Vietnam Asset Management (VAM) is a bottom-up fund manager and mainly uses fundamental analysis for their investments. They follow a thorough investment process consisting of qualitative assessments and quantitative valuations based on their in-house methodology and models.

Qualitatively, they place emphasis on quality of management. They look at the business model of the company, the industry dynamics and all other aspects surrounding its operations.Their market research aims to identify Vietnamese companies that are experiencing or benefiting from structural improvements in the economy, industry as well as at a company specific level.

They also talk to investee companies' stakeholders to cross-check information to better create a complete picture on investee companies' performance and sustainability.

On the quantitative side, they analyze their investment ideas thoroughly using their in-house financial model and various valuation techniques.

Funds under management

Vietnam Emerging Market Fund, Ltd. (VEMF)^[7] - Launched in February 2007, this Cayman Islands domiciled closed-end fund focuses on private and public equity investments in private equity, privatization, IPO, OTC, and listed markets in Vietnam. VEMF was converted into an open-end fund in May 2010.The fund is offered to eligible global investors.
VAM Vietnam Strategic Fund, Ltd. (VVSF) - Launched in October 2007, this Cayman Islands domiciled closed-end fund focuses on private and public equity investments in private equity, privatization, IPO, OTC, and listed markets in Vietnam.
Hong Leong Vietnam Fund (HLVF)^[8] - Launched in February 2008, this Malaysian domiciled unit trust focuses on private and public equity investments in private equity, privatization, IPO, OTC, and listed markets in Vietnam. The fund is managed in cooperation with Hong Leong Asset Management targeting Malaysian high-net-worth investors.^[9]
HS-VAM Vietnam Index Linked Fund (VILF)^[10] - Launched in August 2008, this Cayman Islands domiciled unit trust is designed to track a composite of Vietnamese blue-chip listed equities in both the Ho Chi Minh Stock Exchange^[11] and the Hanoi Stock Exchange.^[12] The fund is offered to Japanese retail investors with the cooperation of H.S. Securities of Japan.
Hong Leong Vietnam Strategic Fund (HLSF) - Launched in April 2010, this Malaysian domiciled unit trust focuses on private and public equity investments in private equity, privatization, IPO, OTC, and listed markets in Vietnam. The fund is managed in cooperation with Hong Leong Asset Management targeting Malaysian public retail investors.^[13]

References

External links

Investment management

Investment fund structures	Common contractual fund Exchange-traded fund Fond commun de placement Fund of funds Index fund Investment trust Hedge fund Listed investment company Mutual fund Offshore fund Open-ended investment company Private equity fund Real estate investment trust Royalty trust SICAV Umbrella fund Unit investment trust Unit trust Unitised insurance fund

Investment styles	Active / passive management Impact investing Manager of managers Socially responsible investing Value / growth investing

Theory · Terminology	Closed-end fund Efficient-market hypothesis Net asset value Open-end fund

Related topics	Alternative investment Asset management firms Robo-advisor Returns-based style analysis Traditional investments UCITS

General areas of finance

Computational finance Experimental finance Financial economics Financial institutions Financial markets Investment management Mathematical finance Personal finance Public finance Quantitative behavioral finance Quantum finance Statistical finance

This article is issued from Wikipedia - version of the 5/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.