schreef:
…the best way to gain Vietnam exposure might be through buying listed closed-end funds. These typically invest in both listed and over-the-counter Vietnamese stocks, a potentially large pool of some 2,400 companies. There are about a dozen closed-end Vietnam funds, most of them listed in London or Dublin. The largest is Vietnam Enterprise Investment Fund, managed by Dragon Capital since 1995, with a net-asset value of more than $350 million. Saigon-based Dragon also manages the $192 million Vietnam Growth Fund.
The $230 million Vietnam Opportunity Fund is managed by VinaCapital and is listed on London’s AIM board. It currently trades at a more than 30% premium to net-asset value. Other Dublin-traded funds include PXP Vietnam Fund, and PXP Vietnam Emerging Equity Fund. Prudential says it plans to begin raising between $150 million and $200 million for an offshore Vietnam fund, pending Vietnamese regulatory approval expected within a few months.