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Vietnam Enterprise Investments Ltd - launched in 1995, VEIL offers exposure to the Vietnamese stock market - Agrees with investment manager, Dragon Capital Group Ltd, a reduction of the management fee from July 1 next year. Currently, the fee steps down from 1.85% per year of the first $1.25 billion in net asset value, to 1.65% of NAV from $1.25 billion to $1.50 billion, and then to 1.5% of NAV above $1.50 billion. Total NAV on October 31 was $1.6 billion. The new management fee will be a flat 1.5% of NAV per year, with no performance fee.
Current stock price: 534.42 pence, up 0.5% in London on Friday
12-month change: down 8.7%
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