Vietnam’s Top Fund Sees Home-Grown Rally in 2013: Southeast Asia
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Vietnam’s biggest fund manager is betting the cheapest stocks in Southeast Asia will extend gains as the economy recovers from the slowest growth in 13 years.
The stock market will rise steadily next year to reflect an economic expansion of between 5 percent and 6 percent, said Andy Ho, managing director and head of investment at VinaCapital Investment Management Ltd. in Ho Chi Minh City, which oversees about $1.5 billion. The firm manages the five top performers this year among 78 Vietnam equity funds, made up of multiple listings of its two funds traded in the U.S., London and Germany, according to data compiled by Bloomberg.