Economics
Frontier Funds Buying Vietnam as Growth Revives: Southeast Asia
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Frontier-market equity funds from Sweden to South Africa are pouring money into Vietnamese stocks, lured by Southeast Asia’s cheapest valuations and an improving outlook for economic growth.
Overseas money managers bought a net $277.1 million of the country’s shares this year through yesterday, 5.3 percent more than the whole of 2013. That’s helped propel a 20 percent gain in the benchmark VN Index of the Ho Chi Minh City Stock Exchange.