HANOI: As the Vietnamese stock market experiences significant volatility, many mutual fund managers are grappling with uncertainty and considering loss-cutting measures.
However, fund managers are capitalising on this market downturn to strategically bottom fish in undervalued stocks with solid fundamentals.
The recent market adjustments have presented a unique opportunity. Following the announcement by US President Donald Trump regarding widespread tariffs, the Vietnamese stock market reacted sharply, with many stocks plummeting by 14% to 30% within just a few trading sessions.
This sudden decline affected even the strongest performers, including those within the VN30 index, which tracks the 30 biggest stocks in terms of market capitalisation.
For instance, VinaCapital’s trio of mutual funds: VinaCapital Equity Opportunity Fund, VinaCapital Equity Special Access Fund and VinaCapital Dynamic Dividend Equity Fund, once celebrated for their robust performance in 2024, now find themselves in negative territory. According to Fmarket data, as of April 16, these funds reported investment returns of negative 12.94%, negative 12.96% and negative 13.55%, respectively. — Viet Nam News/ANN