Eric Sturdza Investments has launched the Strategic Vietnam Prosperity Fund, writing that this provides exposure to an Asian equity market that is poised to record significant economic expansion.
The firm writes that Vietnam benefits from the trend in China, and globally, to outsource supply and production. The country has a young, well-educated population, creating a skilled work force and attractive wages. Its economy, supported by a raft of trade agreements and solid infrastructure, is very attractive to Foreign Direct Investment (FDI) and enjoys a stable political environment and economic policies. Vietnam’s ambition, as living standards improve and its industries move up the value chain, is to be classified as an emerging market within five years.
Shasha Li Mafli will manage the Fund and has more than 20 years of experience managing Asian investment portfolios, including a track record of consistent performance in Vietnamese equities.
“Vietnam is at a sweet spot in Asia, growing strongly with many of the pre-requisite factors in place for economic expansion as it urbanises and industrialises,” says Shasha Li Mafli. “We think that the country is positioned to enjoy the kind of growth that China has experienced over the past 15 years.”
“Shasha has experienced first-hand the transformation of China into a middle-income economy and she firmly expects Vietnam to follow the same growth trend,” says Andreas Söderholm, Head of Asset Management, Switzerland. “The new Fund matches our philosophy of working with outstanding managers to invest in specialist, active strategies to generate performance for our clients.”
The Strategic Vietnam Prosperity Fund is a UCITS fund, catering specifically to professional and institutional investors seeking exposure to Vietnam.
