Asean Small Cap reaps rewards in Vietnam

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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, which 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% to 50% return by year-end, citing the material macro recovery that is underway in the country.

He also sees the portfolio exposure to