Description

The fund has flexibility in asset allocation taking either defensive or aggressive postures depending on opportunities available at various points in time. Under normal market conditions, the fund will invest 50% of its NAV in equity and 50% in high quality fixed income assets.

 

Investment objectives

The fund seeks long-term total return via growth of capital and current income.

 

Investment strategy

The fund invests in a diversified portfolio of listed common stocks, primarily in stocks with large market capitalization and Vietnam Government bonds, municipal bonds or bonds guaranteed by the Government or high quality listed corporate bonds.

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The fund actively seeks an optimal mix of equity and fixed income by evaluating risk and return of investment opportunities across the asset classes.

The fund follows a blend of value and growth style of equity investing and follows a bottom-up approach to stock-picking by valuing fundamentals of the companies.

 

Benefits

The fund offers a broad diversification and balanced exposure to the asset classes, making it attractive as a solid core holding in an investor’s portfolio.

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The fund benefits from a flexible asset allocation strategy when economic conditions change.

VCBF Tactical Balanced Fund is an open-ended fund. You can read more about benefits of an open-ended fund in “Benefits of OEFs” item on menu “Open-end funds”.

 
Portfolio Details  
As of 30 Sep 2019
Asset Mix  
Equity 74.2%
Bond & Cash

25.8%

   
   
Industry Breakdown

       
Banks     14.8%  
Industrial Goods & Services     13.6%  

Telecommunications

    12.2%  
Food & Beverage     10.4%  
Technology     8.0%  
Construction & Materials     7.2%  
Retail     6.2%  
Automobiles & Parts     4.4%  
Oil & Gas     4.3%  
Utilities     4.3%  
Health Care     3.8%  
Chemicals     2.1%  
Watering service     2.0%  

Real Estate

    1.9%  
Financial Services     1.8%  
Agriculture     1.8%  
Personal & Household Goods     1.3%  
Top 05 holdings

   
Company short name % of NAV
FPT Corporation (FPT)  

6.2%

Mobile World (MWG)  

6.0%

Millitary Joint Stock Bank (MBB)   5.7%
Vietnam Dairy Product JSC (VNM)   5.5%

HaDo Bond (HDG Bond)

 

4.9%

Total  

28.3%

  • Ms. Nguyen Thi Hang Nga, MCom, CFA, 17 years of investment and audit experience.
  • Ms. Dương Kim Anh, Master of Economics in Banking & Finance, 17 years of investment and investment consulting experience. 
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