HANOI: Global fund managers are starting to return to Vietnam’s stocks as the South-East Asian nation emerges relatively little scathed from the coronavirus pandemic.
Firms including Ashmore Group Plc and Coeli Asset Management SA have increased holdings in the US$174bil market since March, while foreign investors have been net buyers so far this month - a first since January - amid a stable currency.
This has aided domestic investor inflows in driving the benchmark VN Index up 28% this quarter, making it the second-best performer globally, even after a 6% decline in the last four sessions.
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