Fund managers resumeinvestment in Vietnam

Vietnam proved a graveyard for investors in the 1990s but several years down the line the next advocate of a bull market has emerged. The PXP Vietnam fund, awaiting licensing in Vietnam, is marketing a blue-chips-only investment plan. PXP, which intends to be a totally institutional, five-year, closed-end and Dublin-listed vehicle, would be the first ever Vietnam fund to take the blue-chip approach. Its managers hope institutional investment breakthroughs will herald noticeable growth in private investor activity in the country. This is currently almost non-existent. All but one of th...