kieudiemvje
25-02-2011, 09:40 AM
Funds under VinaCapital Group lose over US$43.2 million on the net asset value converted into US dollar due to the central bank’s FX adjustment which devaluated the dong on February 11.
The central bank’s move has reduced the NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of the Vietnam Opportunity Fund Limited (VOF) and Vietnam Infrastructure Limited (VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en)) by $32.9 million and $10.34 million respectively.
Accordingly, the VinaLand realty fund is not affected by the fluctuation of FX rate while the NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of Vietnam Opportunity Fund Limited (VOF) and Vietnam Infrastructure Limited (VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en)) fell over 4 percent.
About 52.5 percent of VOF’s NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) is being calculated in dong, including mainly investments in listed shares. The dong devaluation is estimated to discount the fund’s NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) by 4.2 percent.
VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en) has about 67.6 percent of its assets in dong, also including mainly investments in listed shares and OTC stocks. So, the fund’s NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) is estimate to fall by 4.4 percent from the dong depreciation.
Till the end of January, three above funds had a total NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of $1.706 billion. Of which, the NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of VOF, VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en) was respectively at $783 million and $235 million
The central bank’s move has reduced the NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of the Vietnam Opportunity Fund Limited (VOF) and Vietnam Infrastructure Limited (VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en)) by $32.9 million and $10.34 million respectively.
Accordingly, the VinaLand realty fund is not affected by the fluctuation of FX rate while the NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of Vietnam Opportunity Fund Limited (VOF) and Vietnam Infrastructure Limited (VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en)) fell over 4 percent.
About 52.5 percent of VOF’s NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) is being calculated in dong, including mainly investments in listed shares. The dong devaluation is estimated to discount the fund’s NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) by 4.2 percent.
VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en) has about 67.6 percent of its assets in dong, also including mainly investments in listed shares and OTC stocks. So, the fund’s NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) is estimate to fall by 4.4 percent from the dong depreciation.
Till the end of January, three above funds had a total NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of $1.706 billion. Of which, the NAV (http://finance.vietstock.vn/StockDetail.aspx?scode=NAV&q=NAV&language=en) of VOF, VNI (http://finance.vietstock.vn/StockDetail.aspx?scode=VNI&q=VNI&language=en) was respectively at $783 million and $235 million