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Frontier funds take a shine to Vietnam's 6.7% growth target

Foreign equity fund managers see upside of stocks as FDI and nation's free-trade agreements boost growth

Published Mon, Feb 29, 2016 · 09:50 PM
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Hanoi

FRONTIER-MARKET equity funds from Sweden to Hong Kong are ready to buy more Vietnamese stocks, attracted by cheap valuations and the fastest economic growth in almost a decade.

Coeli Asset Management and Asia Frontier Capital say they plan to add to their equity holdings this year as record-high foreign direct investments and the nation's free-trade agreements help boost economic growth. Tundra Fonder says it wants to buy consumer, industrial and construction companies.

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