View more on these topics

SPPM looks for Vietnam growth

Smith & Pinching Portfolio Management’s strategy of investing in funds that are not commonly supported by other multi-managers has prompted it to invest in a Vietnamese equity fund.

The London-listed Vietnam opportunity fund, managed by Vietnam-based investment banking and fund management group VinaCapital Investment Management, is held within SPPM’s balanced managed fund. It focuses on the main growth sectors of the Vietnamese economy including financial services, retail, consumer goods, tourism, property, infrastructure, and technology.

SPPM says the Vietnamese economy is in the early stages of development and its Government is working hard to achieve an open economy since Vietnam was granted entry to the World Trade Organisation. The Government is keen to attract foreign investment as it hopes to achieve similar growth in China.

In the UK, part of the portfolio, SPPM has sold out of Blackrock ML absolute alpha, replacing it with Ian Lancaster’s Norwich Union income opportunities fund.

SPPM investment director Tony Yousefian says: “If we had the same funds as other managers, it would do away with one leg of our competitiveness. Some of our holdings are common to other funds but we try to identify funds that are not too big in size.

“The Vietnam opportunities fund is the only way we have been able to gain access to the region. Its stockmarket has been incredible but there has been a reasonable correction.”

Recommended

Competition Commission identifies PPI probe areas

The Competition Commission has today published an issues statement as part of its investigation into the market for the supply of payment protection insurance. The issues statement identifies the specific areas the CC believes are relevant in deciding whether any feature of the PPI market restricts, distorts or prevents competition. It will be used as […]

A&L brings out new specialist deals

Alliance & Leicester has updated its range of specialist mortgages with the new range available from today.It includes a buy-to-let two-year tracker at base rate minus 0.16 per cent with a maximum loan-to-value of 85 per cent and a £1,999 arrangement fee. There is a buy-to-Let two-year fix at 5.39 per cent with maximum 75 […]

Abbey launches stepped mortgage starting at 2.99 per cent

Abbey has launched a 2.99 per cent deal that shoots up to 6.2 per cent after a year.The rate then climbs again to 6.35 per cent in years four and five. It also has an application fee of £799. Additionally, the lender has reduced the application fee on its 5.19 per cent two-year tracker by […]

Bupa confirms it may sell off hospitals

Bupa has confirmed it is in preliminary discussions with potential bidders to sell off its hospitals.The Board released a statement following speculation over the weekend confirming that it is undertaking a review to establish whether it would be more beneficial to the company to sell off its 26 hospitals.The statement from Bupa says: “Bupa is […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment