Asean Small Cap delivers 31% on Vietnam exposure


Asean Investment Management’s Asean Small Cap Fund, which is overweight in Vietnam, has delivered an impressive performance of 31% in the first eight months of the year. This is despite a negative return of 5% in August when Vietnamese shares corrected.

David O’Neil, portfolio manager of the value transformation hedge fund that invests in a spread of generally small value securities listed across the region, says he is still optimistic that the fund will deliver a 40-50% in return by year-end, citing the material macro recovery underway in the country.

He also sees the portfolio exposure to Vietnamese