The objective of the company is to seek medium to long term capital appreciation of its assets. Investment criteria are attractive growth and value metrics, good corporate governance, and alignment with the underlying growth drivers of Vietnam. VEIL maintains a broad universe, which includes companies operating and/or listed outside of Vietnam, and it looks to outperform the VN Index on a rolling three-year basis.
Management fee is a 2.00% p.a. on the first USD 1.25bn of the NAV b 1.75% p.a. on the portion of the NAV in excess of USD 1.25bn and less than or equal to USD 1.5bn and c 1.50% p.a. on the portion of the NAV above USD 1.5bn. The contract is terminable on 24 months notice.
The investment objective of the Company is to achieve medium to long-term capital appreciation of its assets. As a result, the Company has no current intention to declare dividends. The Board may from time to time declare any such dividends to the holders of Ords as appear to the Board to be appropriate. No dividend may be declared or paid other than from funds lawfully available for distribution.