Swiss boutique unveils Luxembourg-based Vietnam fund

Zurich-based asset manager Bellecapital Partners, part of financial group Bellecapital, has launched the Galileo Vietnam fund.

As exclusively reported on International Investment’s sister title InvestmentEurope the new Ucits-compliant fund, domiciled in Luxembourg, is an actively managed equity fund aiming to exploit the long-term growth opportunities and favourable market environment in Vietnam.

Bellecapital Partners has been investing in Vietnam since 1997. The firm unveiled a certificate focusing on Vietnam in February 2012; the newly launched fund mirrors the certificate’s strategy. It is understood the manager has launched a Ucits fund in reaction to increasing investors’ demand.

The fund exclusively invests in Vietnamese companies, looking at attractively valued stocks with a potential catalyst for positive change as well as companies with an exceptional growth outlook. Sustainable business model, shareholder composition, cash flow generation and balance sheet’s health remain among main investment criteria.

According to the manager, “Vietnam is one of the most prospective countries in Asia for growth. The country is in the process of transforming, gradually moving away from a centrally-planned economic model towards a market driven one.”

The fund, whose inception date will officially be on 29 June 2018, will be managed by Shasha Li Mafli. It has been registered for distribution in Switzerland, Germany and Liechtenstein currently.

Bellecapital Partners also runs the Galileo Asia and Galileo Pacific funds.

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