Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF): Continues to outperform its benchmark

Edison Investment Research Limited Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF): Continues to outperform its benchmark 22-Nov-2023 / 16:44 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 22 November 2023 Edison issues update on VinaCapital Vietnam Opportunity Fund (VOF): Continues to outperform its benchmark VinaCapital Vietnam Opportunity Fund (VOF) posted a one-year NAV TR in US dollars to end-October 2023 of 13.1%, versus 2.8% for the VN Index, as a result of the rebound from last year’s market trough. VOF’s NAV TR since end-2022 of 9.1% was driven by financials and materials investments. Given the improving outlook for real estate and several of VOF’s portfolio companies in the sector, VOF reversed US$26.8m of the US$52.9m in write-downs recognised in the December 2022 interim report. VOF continues to pay out 1% of opening NAV in dividends, with the next payment due in December at US$0.07 per share, implying an annualised dividend yield of 2.4% based on the last closing share price. VOF is an attractive play on Vietnam’s long-term growth story, while at the same time offering some downside protection during periods of short-term market headwinds, with 17.6% and 3.8% of its current portfolio made up of private equity and public equity with private terms, respectively. As a recent example, VOF did not have to write off its investment in a real estate project despite its default and was able to reschedule the payments and improve the collateral security in the form of real assets. Meanwhile, the macroeconomic outlook seems attractive, with increasing order books and reviving exports, while Vietnamese stocks remain relatively cheap, trading at 10.1x forward earnings (24% below their 10-year average), potentially providing an attractive entry point for investors. Click here to view the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Milosz Papst [phone] [e-mail] Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn www.linkedin.com/company/edison-group-/ Twitter  www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1779825  22-Nov-2023