The Bill and Melinda Gates Foundation is the largest shareholder, owning over 11% of the company.
(meta data) TITLE: Dragon Capital Fund Information SECURITIES INFORMATION VEIL is traded on the Main Market of the London Stock Exchange (Ticker: VEIL.LN). There are no other exchanges or trading platforms on which VEIL has applied or agreed to have its shares admitted or traded. Jefferies International Limited | Contact: Michele White / Trevor Hunt; Phone: +44 207 898 7140 / +44 207 898 7127; E -Mail: mwhite@jefferies.com / invcos@jefferies.com DGCP or VEIL.LN Significant shareholders directors' interest in shares Vietnam Enterprise Investments Limited NAV (M) USD 1508.32 GBP 1231.63 (As at 22/08/2019)NAV / SHARE USD 6.92 GBP 5.65 Fund Detail Cayman Islands inception date 11 August 1995 issued shares legal entity identifier (lei) VN Index / MSCI EM Index / VN 30 Index nav frequency functional currency (a) 2.00% per annum on the first US$1,250,000,000 of the Net Asset Value; and (b) 1.75% per annum on the portion of the Net Asset Value in excess of US$1,250,000,000 and less than or equal to US$1,500,000,000; and (c) 1.50% per annum on the portion of the Net Asset Value above US$1,500,000,000. (Effective 1 August 2017) For full details download pdf download pdf What is VEIL's investment strategy and process? VEIL concentrates on value opportunities using a 'bottom up' approach based on Vietnam's general economic story. The team managing the Fund includes a portfolio manager and two deputy managers overseen by an Investment Committee. All investment decisions are rigorouly screened by Dragon Capital's in-house research team. How do I invest in VEIL? As VEIL is a listed fund, shares can be bought through Jefferies, VEIL's appointed broker, or any other broker. What are VEIL's management and performance fees, and total expense ratio? VEIL's management fee is (a) 2.00% per annum on the first US$1,250,000,000 of the Net Asset Value; and (b) 1.75% per annum on the portion of the Net Asset Value in excess of US$1,250,000,000 and less than or equal to US$1,500,000,000; and (c) 1.50% per annum on the portion of the Net Asset Value above US$1,500,000,000. (Effective 1 August 2017) There is no performance fee and the TER is approximately 2.35% Does VEIL pay a dividend? No. All dividends from holdings are reinvested in the fund to help cover on-going expenses. How is VEIL's NAV calculated? It is calculated daily using the closing price of listed equities, the OTC price of the holdings on UPCOM, and any cash in the fund. Why is VEIL's share price different from its NAV? As a freely traded fund its price is determined by the market, not by the holdings' underlying value. Is VEIL's financial reporting in USD or GBP? All reporting, both semi-annual and annual, is in USD. In what currency is VEIL's (daily) NAV issued? Both USD and GBP. As USD is the functional currency, will VEIL's price performance be reported in GBP or USD? Performance will usually be reported in both currencies (if space is limited, USD will have priority). Will VEIL shares continue to be issued in USD? Yes, nominal value will in USD. Which currency will VEIL issue new shares in? Will VEIL receive USD in the primary market? New primary shares will be issued in GBP, with proceeds converted into USD. Will secondary trading be settled in GBP? Yes. Should market makers carry VEIL shares in their books in USD or GBP? GBP.
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Vietnam Enterprise Investments
Abstract.
Vietnam Enterprise Investments (LSE: VEIL) is a large British investment trust by Dragon Capital dedicated to investments in Vietnam. Established in 1995, the company is a constituent of the FTSE 250 Index with a net asset value of over USD 1 billion. The Chairman is Wolfgang Bertelsmeier.