VinaCapital among early movers in fixed income
There are very few options for international investors looking to invest in VietnamÆs debt market and VinaCapital hopes to make that work to its advantage.
VinaCapital has launched one of VietnamÆs first fixed-income funds. The VinaCapital Vietnam Fixed Income Fund hopes to take advantage of current high interest rates to invest in an actively managed portfolio of sovereign, semi-sovereign and internationally rated corporate bonds issued in Vietnam.Vietnamese bonds currently command significantly higher spreads compared to Libor and US rates. Government bond yields have peaked at over 20% in recent months, with current yields hovering in…
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