Directors of the VinaCapital Vietnam Opportunity Fund have
announced plans to migrate the fund's domicile from the Cayman
Islands to Guernsey.
The fund will also switch from listing on AIM to the Main Market
of the London Stock Exchange (LSE) upon completion of
the migration. The closed-ended investment company focuses its
investment strategy across the key growth sectors of the Vietnam
economy. At the end of August the net assets of the fund stood at
US$ 681 million.
Explaining the reasons behind the fund's planned migration
directors said it had become apparent that the fund's place of
domicile and its quotation on AIM were barriers to certain
potential new investors. Among the reasons for choosing Guernsey
were the Island's well-established infrastructure for the
administration of closed-ended funds listed on the LSE and a robust
regulatory and compliance regime.
