New fact sheets equity funds

The VN-Index rallied by an impressive 10.5% in August. The weaker US$ and the pegged Vietnamese Dong limited the increase in Euro to 9%. The TCM Vietnam High Dividend Fund also had a strong month with a performance of 10.52%. 

The outperformance grew during the month of August to 8.28% ytd versus the benchmark ETF, mostly because of the underweight of real estate allocations in the fund. 
We believe there is still a lot of room left for a normalization of P/E en P/B ratios in our portfolio. The current valuation discount offers together with the 7% dividend yield ample upside potential going forward.

More news about Vietnam, Africa and the Global Frontier fund can be found in the latest fact sheets of the equity funds:

TCM Global Frontier High Dividend Equity

TCM Vietnam High Dividend Equity

TCM Africa High Dividend Equity