Thien Viet Growth Fund 3 – TVGF3
Structure
TVGF3 is a closed-end listed fund with a well-diversified portfolio investing in listed and prelisted securities. The Fund has a five-year lifespan. During its operating period, TVGF3 certificates can be traded on HOSE like other listed equities.
Investment Objectives and Strategies
The Fund’s investment objectives are to seek for long-term growth of capital, maximize investors’ profit and outperform all Vietnam indexes. In pursuing these objectives, the Fund will focus on investing in listed and prelisted securities of Vietnamese companies that offer superior opportunities for growth. The Fund seeks to invest in companies with strong characteristics including an experienced and proven management team that supports corporate governance and financial transparency, a high-growth business model, differentiated products or services, superior competitive advantages, a significant market share, and a clear and demonstrable exit strategy for investors.
Estimated Released Time
From June 15th, 2021 to August 01st, 2021
Fees
Management fee 1.0% p.a., Performance fee 20% of the increase in the NAV over a hurdle of 8% p.a. with high water mark.
Reports
Weekly updated on website of Thien Viet Asset Management (www.tvam.vn).
Portfolio
The Fund will generally hold between 05 - 20 securities.
Investment Restrictions
For risk control and portfolio diversification, no more than 20% of the NAV may be invested in a single company, no more than 10% of total NAV may be invested in unlisted companies and no more than 30% of the total NAV may be invested in a group of relating companies. The Fund will not invest in more than 10% stake of any company. No gearing will be allowed.
Performance
Over the last five years, portfolios managed by TVAM investment team have achieved an average return of 25% per year which is one of the best performance in Vietnam stock market.
Fund Size
Estimated VND 400 billion
Total issued shares
Estimated 40 million shares
Listing exchange
Ho Chi Minh City Stock Exchange - HOSE
Issued price
VND 10,100
Custodian Bank
BIDV
Functional Currency
VND
Investment Director
Nguyen Duy Quang
Investment Committee
Nguyen Trung Ha, Dinh Thi Hoa, Bui Thi Kim Oanh, Nguyen Thanh Thao
TVGF3’s documents