Launched March 2006, VinaLand Limited (‘VNL’), is a closed-end fund trading on the London Stock Exchange’s Alternative Investment Market (AIM) (VNL.L). The fund focuses on key growth segments within Vietnam’s emerging real estate market, including residential, office, retail, hospitality and township (large-scale) projects. The manager’s objective is to provide shareholders with an attractive level of income as well as creating a potential for capital growth. The fund is managed by VinaCapital Investment Management, with VinaCapital Real Estate acting as development adviser.
To view VNL current stock performance on the London Stock Exchange (AIM), please click here.
To invest in VNL, please contact our investor relations group at ir@vinacapital.com.
VNL Details
| Term of fund | Vote every 7 years to wind up fund |
| Maximum investment | 20% of NAV in any one project |
| Geographic focus | Vietnam (minimum 70%) and surrounding countries |
| Fund structure | Cayman company listed on London Stock Exchange (AIM) |
| Auditor | Grant Thornton |
| Custodian | HSBC |
| Lawyers | Lawrence Graham ( UK) |
| Broker | LCF Rothschild |
| Manager | VinaCapital Investment Management Ltd |
| Management fee | 2% of NAV Incentive fee of 20% of increase in annual NAV over a hurdle rate of 8% with a high water mark. |
| Fund | NAV | NAVps* |
| VOF | 785m (Dec 09) |
2.42 |
| VNL | 694m (Dec 09) |
1.39 |
| VNI | 267m (Dec 09) |
0.67 |
Download the VNL factsheet.
