Vietnam funds move to assuage shareholders

The Vietnamese funds industry is going through a restructuring, as various fund companies try to placate shareholders that are in the red and facing their own liquidity problems.Most Vietnam funds are listed closed-end products, and therefore donÆt have to face redemptions. But the fundsÆ share prices are uniformly trading at deep discounts to NAV, in the range of 58-70%. Their shareholders may include retail investors (particularly from Korea and Japan) but many are also Western hedg…