Xftse Vietnamsw Discussion Threads

[strollingmolby] 11/7/2016 11:52

Dragon Capital brings Vietnam investment opportunity to the world – via London

[strollingmolby] 23/11/2010 12:17

Foreign investors sniff value in Vietnam


Mentions the discount the Vietnam market is on compared to other Asian markets, and HSBC, VinaCapital, Dragon Capital and PXP Asset Management are seeing a noticeable pick-up in interest from foreign investors.

[strollingmolby] 21/12/2009 10:18

A good description of this swap-based ETF:



Instead of holding a portfolio of shares that replicates the composition of the index, the db x-tracker ETFs use derivatives called index swaps. These are agreements to exchange the return on the securities held by the ETF manager for a return in line with a particular index.

Take the example of the db x-tracker Vietnam ETF – one of my favourite adventurous funds. If you download the annual report
from www.dbxtrackers.co.uk and look at the ETF's holdings, you might expect to see a lot of shares in Vietnamese companies. In fact, there is not a single Vietnamese share in the list! Top holdings include Deutsche Post (5.4 per cent), Novartis (7.2 per cent) and Astra Zeneca (6.8 per cent). German companies account for 35 per cent of the fund and Swiss companies 33 per cent.

But before you ring up Trading Standards to complain, remember what's going on here: Deutsche has structured the fund so that around 10 per cent of the money is used to buy a swap that promises to pay out the return of the Vietnam index, with the other 90 per cent held in those European shares as collateral.

[strollingmolby] 13/12/2009 13:44

Vietnam: a rocky ride, but good value long-term

But the overall story remains compelling: Vietnam has a young population, a 90% literacy rate, cheaper labour than China and a wide range of raw material exports. And on 13 times next year's expected earnings, the market looks good value for investors who can stomach near-term volatility.

[strollingmolby] 13/12/2009 13:31

30-Nov-09 factsheet:

HO CHI MINH STOCK INDEX
VNINDEX:IND