Vietnam equities are on a tear, but US asset manager Invesco still has zero allocation to the market, despite bullishness among local players.
Tag : bill stoops
The recent change in tack comes amid other plans to liberalise Vietnam's financial markets. Meanwhile, the first locally listed exchange-traded funds are in the pipeline.
It is taking longer than planned for Vietnam's Dragon Capital to hit $50 million for its new private equity fund. Meanwhile, it is eyeing microfinance and plans to use Ucits to sell into Europe.
The firm establishes a private equity vehicle in partnership with FIDP to target deals in Vietnam, Cambodia and Laos.