Edison issues review on Vietnam Enterprise Inv

RNS Number : 3607Q

Vietnam Enterprise Investments Ltd

05 June 2018

 

London, UK, 05 May 2018

Edison issues review on Vietnam Enterprise Investments (VEIL)

Vietnam Enterprise Investments (VEIL) was launched in 1995 and is the largest Vietnam specialist closed-ended investment company listed in London. With an unconstrained, bottom-up investment process focussing on stock selection for capital growth, the fund has delivered good near- and long-term performance; achieving an annualised NAV return of 25% over the past five years to end-May 2018. Vietnam equities have performed strongly over the past two years, and a correction since the March 2018 VN Index peak has helped to moderate valuations. Meanwhile faster than expected GDP growth of 7.4% for Q118, and a sustained robust outlook, support earnings momentum. VEIL's discount to NAV of 14.8% is smaller than its three-year average of 16.5%, and may have scope to narrow further over time.

VEIL's current discount to NAV at 14.8%, is smaller than the three-year average of 16.5% and may have scope to narrow. Focused on capital growth, VEIL does not pay a dividend.

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