VEIL or VNH?

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Vietnam Enterprise Investments opportunity

On 13 March I listened to a very interesting webinar on Vietnam “Vietnam Enterprise Investments | Kepler Trust Intelligence Ideas for your ISA”, https://www.youtube.com/watch?v=DO694HbHyVI&t=42s . I visited Vietnam in 2019 on holiday and found it fascinating, so put a bit of money into Vietnam Holdings (VNH), which has given me a very good return of 103% so far. I bought some VEIL after the webinar.

VEIL is on a discount of 20% which looks too high to me, given it is mainly invested in quoted liquid stocks and the Board are making a number of actions to manage the discount down. I asked a question at the webinar about the discount and got a satisfactory answer. It has been lower, so a long-term buying opportunity. VNH is on a 4% discount.

VEIL is much bigger than VNH, £1.4bn v. £0.4bn, so with its 1.96% fee can afford to employ quite a few expert fund managers.

A repeat of the webinar can be watched via the Kepler Website https://www.trustintelligence.co.uk/investor/articles/ideas-for-your-isa-retail-feb-2025

https://www.trustintelligence.co.uk

This article reflects the opinions of its author and not necessarily those of ShareSoc.

Cliff Weight, Member ShareSoc and ShareSoc Education and Policy Committees.

DISCLOSURE: The author holds shares in VEIL and VNH.

2 Comments
  1. Cliff Weight says:

    Probably one of my worst timed buys and certainly my worst timed blog. Due to tariffs, of which Vietnam seems to have been particularly badly treated, VEIL is down 25% since I bought. (At least, VHN is still 40% up on my 2019 purchase price, despite its recent drop.)

  2. Cliff Weight says:

    Latest fund manager report VietNam Holding Ltd – Monthly Investor Report #VNH @capitaldynam https://www.voxmarkets.co.uk/rns/announcement/20397c07-832a-42fd-b252-b8fbe56dae6d #voxmarkets undefined explain what is happening.

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