PXP launches Vietnam's first open-ended fund

PXP Vietnam Asset Management, which manages $120 million in listed and pre-listed Vietnamese equity, has a big few weeks ahead of it. The Ho Chi Minh City-based firm is about to launch its first open-ended fund, and to list its flagship PXP Vietnam Fund on the main board of the London Stock Exchange (LSE). The firm has converted the $12 million closed-end Vietnam Emerging Equity Fund into an open-ended vehicle and hopes to soon merge it with another of its funds, the Vietnam Lotus Fun…