UPDATE (Oct 2026): In the year to June 2025, VNH returned -2.5% versus a +9.8% gain for the VN Index. In the year to June 2026, VNH produced +4.5% but was beaten again by its benchmark, which posted +32.4%. In both years, the index's gains were driven by a small group of stocks, most notably Vingroup and its related companies, which the trust generally does not own. VNH redeemed 18% of its shares in its 2025 realisation opportunity and 15% in 2026.
VietNam Holding (ticker: VNH) was launched on AIM in 2006, raising $112.5m at $2 per share. At the time, Vietnamese markets were very much flavou...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week Our latest podcast episode features listener-favourite Marcus Phayre-Mudge, the long-serving manager of TR Property (TRY), in which we discuss the slow return to favour of the commercial property sector, and review the latest results and consolidation news from the trusts that have survived th...
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