Hong Leong Vietnam Fund

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  • Topic: Investment, Modern portfolio theory, Investment management
  • Pages : 24 (7832 words )
  • Download(s) : 72
  • Published : December 14, 2012
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Instructor: Le Phuong Lan, MSc

Each member’s work and assessment:
| Work|
1. Nguyen Thu Ha| Chapter II.4. Evaluation of portfolio management of fund | 2. Nguyen Thu Huong| Chapter I.2 Evaluation methods of portfolio management| 3. Hoang My Linh| Chapter II. Portfolio selectionCollect and edit the assignment | 4. Nguyen Thu Thuy| Chapter I.1. Overview of portfolio management of fundChapter II.1. Overview of HLVFChapter III. Conclusion and Recommendation| 5. Bui Cam Tu (leader)| Chapter II.3. Analysis of portfolio management of HLVFMake outlineAssign work and supervise other members|

Comments:
* All members have done their best to complete their parts and hand in on time. * In particular, Hoang My Linh was very enthusiastic to find data and information at the beginning of this assignment.

TABLE OF CONTENTS
PREFACE1
INTRODUCTION2
CHAPTER I: LITERATURE REVIEW3
1.Overview of portfolio management of fund3
a.Definition3
b.Roles of portfolio management3
c.Classification4
d.Portfolio manager5
2.Evaluation of portfolio management5
CHAPTER II: ANALYSIS OF PORTFOLIO MANAGEMENT OF HONG LEONG VIETNAM FUND (HLVF)10
1.Overview of Hong Leong Vietnam Fund10
a.Brief history of Hong Leong Vietnam Fund10
b.Overview of Hong Leong Vietnam Fund (HLVF)11
2.Portfolio selection12
a.Fund breakdown by quarters (from 2009 to 2011)12
b.Sector breakdown by quarters (2009 – 2011)16
c.Top fund holdings20
3.Analysis of portfolio management strategies of HLVF23
a.Active equity portfolio management strategies23
b.Fundamental analysis: “Bottom-up”24
c.Investment Style analysis: “Value-oriented investment style”26
d.Summary28
4.Evaluation of portfolio performance of HLVF29
a.HLVF’s performance measured against investment objective29
b.Composite Portfolio Performance measures30
c.Components of investment performance35
CHAPTER III: CONCLUSION AND RECOMMENDATIONS38
REFERENCES40

TABLE OF FIGURES

Figure| Page|
Figure 2.1 HLVF’s Fund breakdown by quarters in 2009Figure 2.2:HLVF’s Fund breakdown by quarters in 2010Figure 2.3: HLVF’s Fund breakdown by quarters in 2011Figure 2.4: HLVF’s Sector breakdown by quarters in 2009Figure 2.5: HLVF’s Sector breakdown by quarters in 2010Figure 2.6: HLVF’s Sector breakdown by quarters in 2011Figure 2.7: HLVF’s Top fund holdings (2009-2011Figure 2.8: HLVF Performance vs. VN-Index (MYR)Figure 2.9: A Style Analysis Grid| 1415161719202224-2528| Tables| |

Table 2.1: Market capitalization of HLVFTable 2.2: Return of Hong Leong Vietnam Fund by quarters (2009-2011)| 2832|

PREFACE
Hong Leong Vietnam Fund is an open-end unit trust established in Malaysia. The objective of the Fund is to maximize long-term capital through capital appreciation and dividend income. The Fund invests in securities of companies that are based in Vietnam or have substantial operations, sales or asset exposure to the economy, assets or currency of Vietnam. In this report, we would like to figure out the Hong Leong Vietnam Fund’s ability to balance risks and rewards across their entire product portfolio or how Hong Leong Vietnam Fund (HLVF) ensure that resources are spent on the right products and projects by analyzing Portfolio management of Hong Leong Vietnam Fund (HLVF). Our research will be divided into 3 main chapters as follows: CHAPTER I: LITERATURE REVIEW

1. Overview of portfolio management of fund
2. Evaluation of portfolio management
CHAPTER II: ANALYSIS OF PORTFOLIO MANAGEMENT OF HLVF
1. Overview of HLVF
2. Portfolio selection
3. Analysis of portfolio management strategy of HLVF 
4. Evaluation of portfolio performance of HLVF
CHAPTER III: CONCLUSION AND RECOMMENDATIONS

INTRODUCTION
“Portfolio management is fast becoming a key requirement in PLM for getting products to market quickly and cost-effectively.” Why? Today, a company’s commercial success depends largely...
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