PXP plays Vietnamese market for 85%


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The PXP Vietnam fund continued to outperform the Vietnam index in August, up 18.92% for the month and 85% year to date. Having been invested in the Vietnam market since 2004, PXP is able to benefit from gains made by the market’s top stocks, which have reached their limit of foreign investment and are therefore inaccessible to newcomers from overseas, explains PXP’s Kevin Snowball. In addition, because the fund was fully invested at the bottom in February and looks for stock ideas across the entire Vietnam universe of 376 listed stocks, it also benefited from value