VEIL is traded on the Main Market of the London Stock Exchange (Ticker: VEIL.LN). There are no other exchanges or trading platforms on which VEIL has applied or agreed to have its shares admitted or traded.
|Shareholders||Number of voting shares||%-Age of holding|
|City of London Investment Management Company Limited||21,950,000||10.00%|
|Bill & Melinda Gates Foundation Trust||25,049,173||11.34%|
|Platinum Investment Management Limited and Platinum World Portfolios Plc||11,497,443||5.24%|
|Sirius Investment Fund SICAV-SIF||18,735,556||8.5%|
|Director||Number of voting shares||%-Age of holding|
|Gordon William Lawson||25,000||0.01%|
|Dominic Timothy Charles Scriven||36,423||0.02%|
|inception date||11 August 1995|
|legal entity identifier (lei)||213800SYT3T4AGEVW864|
|benchmark||VN Index / MSCI EM Index / VN 30 Index|
|fees||(a) 2.00% per annum on the first US$1,250,000,000 of the Net Asset Value; and (b) 1.75% per annum on the portion of the Net Asset Value in excess of US$1,250,000,000 and less than or equal to US$1,500,000,000; and (c) 1.50% per annum on the portion of the Net Asset Value above US$1,500,000,000. (Effective 1 August 2017)|
VEIL concentrates on value opportunities using a ‘bottom up’ approach based on Vietnam’s general economic story. The team managing the Fund includes a portfolio manager and two deputy managers overseen by an Investment Committee. All investment decisions are rigorouly screened by Dragon Capital’s in-house research team.
As VEIL is a listed fund, shares can be bought through Jefferies, VEIL's appointed broker, or any other broker.
VEIL’s management fee is (a) 2.00% per annum on the first US$1,250,000,000 of the Net Asset Value; and (b) 1.75% per annum on the portion of the Net Asset Value in excess of US$1,250,000,000 and less than or equal to US$1,500,000,000; and (c) 1.50% per annum on the portion of the Net Asset Value above US$1,500,000,000. (Effective 1 August 2017)
There is no performance fee and the TER is approximately 2.35%
No. All dividends from holdings are reinvested in the fund to help cover on-going expenses.
It is calculated daily using the closing price of listed equities, the OTC price of the holdings on UPCOM, and any cash in the fund.
As a freely traded fund its price is determined by the market, not by the holdings’ underlying value.
All reporting, both semi-annual and annual, is in USD.
Both USD and GBP.
Performance will usually be reported in both currencies (if space is limited, USD will have priority).
Yes, nominal value will in USD.
New primary shares will be issued in GBP, with proceeds converted into USD.