Investment firm Dragon Capital has launched Vietnam Equity UCITS Fund to invest in Vietnamese companies listed on the Ho Chi Minh Stock Exchange.

The open-ended dollar denominated fund will focus at wealth managers and private bank clients.

The fund is designed to capture medium to long term capital growth by investing in equities traded on the Ho Chi Minh Stock Exchange and other companies with significant exposure to the country.

The fund may also invest a small portion of its portfolio in Vietnamese sovereign or corporate bonds.

The fund will have a minimum commitment size of US$25,000 and a management charge of 2% per annum and is overseen by an all-female board.

Dominic Scriven, CEO and co-founder of Dragon Capital, said: "International investors are continuing to look further afield in their search for growth and we believe that the Fund will provide investors with a compelling mix of strong returns and an opportunity to diversify their risk, overseen by an all female board with close to 50 years combined experience in the fund industry.

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By GlobalData

The launch comes as the country is undergoing a phase of reforms to stabilise the economy, pointing to a significant turnaround in its economic fortunes", Scriven added.

Scriven added demand among European and Asian investors for growth in emerging markets but within a regulated structures and comprehensive risk framework provided by the Ucits format.