A foreign fund with a scale of nearly 300 million USD achieved high performance in January thanks to “hugging” financial, real estate and industrial stocks

The figure of 11.41% in January 2023 is the highest performance this foreign fund has recorded in January since investing in Vietnam.

According to a newly published report, Lumen Vietnam Fund said the fund’s performance in January 2023 increased by 11.41% compared to the previous month (in USD) . This is the highest performance achieved by this foreign fund in January since investing in Vietnam and is the third consecutive month that the fund’s performance has been positive.

According to Lumen Vietnam, the above prosperity is due to the fund’s focus on allocating its portfolio to industrial, real estate and financial stocks. Specifically, Lumen Vietnam allocated more than 27% of its portfolio to Finance stocks, recording an increase of 16.1% in January. At the same time, Real Estate stocks in the fund’s portfolio (13.7%) ) also saw an increase of 8.3% in January thanks to the positive movement of industrial zones.

Lumen Vietnam Fund’s portfolio distribution by industry

Currently, the size of the fund is approximately 277 million USD. The proportion of money in the Lumen Vietnam portfolio is currently at 10.9%, equivalent to more than 30 million USD.

Detailed list of stocks that Lumen Vietnam holds, leading in proportion is FPT with 6.91% NAV. The following three positions belong to CTG, HPG and PLX with the proportions of 5.57%, 4.82% and 4.46% respectively. In addition, the list also has the appearance of stocks such as GMD (4.45%), VRE (4.18%) or VHM (3.98%),…

Top 10 stocks with high proportion in Lumen Vietnam Fund’s portfolio

Commenting on the market in the coming time, Lumen Vietnam Fund believes that the market will continue to differentiate. China’s reopening as well as the acceleration of public investment will have a positive impact on many industry groups.

Lumen Vietnam Fund prioritizes allocation to Industrial Park stocks with companies with large land bank, beautiful location, capable of supplying investors’ needs for large projects. In the logistics group , the fund prefers businesses with clear competitive advantages in terms of geographical location and ability to provide good services to customers.

Consumer goods group prioritizes names that benefit from lower input prices, thereby improving profit margins. Lumen also prioritizes Finance group businesses with strong financial capacity to maintain good earnings growth in 2023. With the Energy sector , companies have a turnaround story in the new investment cycle. industry will be the bright spot.

Lumen Vietnam is an open-ended fund established in Liechtenstein since March 2012. The Fund’s objective is to achieve above-average long-term capital gains. The Fund invests at least 51% of its assets in shares of businesses based in or operating in Vietnam, listed on an exchange. Previously, in 2022, the unfavorable market environment made Lumen Vietnam have a record low operating performance year, negative more than 29%.

Phuong Linh/Market Lifestyle