PXP plans to list new Vietnam fund on SGX

Ho Chi Minh City-based PXP Asset Management is in discussions with the Singapore Stock Exchange (SGX) and the Monetary Authority of Singapore regarding the listing of a closed-end mutual fund to invest in Vietnam equities and pre-IPO deals.This would be the first Vietnam fund to be listed in the region, and is PXPÆs fourth mutual fund. The firm initially considered a rights issue on its third fund, the $70 million Vietnam Lotus Fund, which was due to close on 31 March. The month of Ma…