Endurance Capital Vietnam I has over time significantly outperformed both the VN Index and the relevant ETF
Endurance Capital Vietnam I continued the year by increasing its gross NAV by +8.3% during Q2/2023 a result which outperformed the VN Index which advanced +4.7% during the quarter.
Over the past 5 years, the fund has generated a gross return of +74.0% during a period where the VNIndex returned +13.1% and the relevant ETF generated a negative return of -13.9%. Risk exposure was also lower than the VN Index for the period. Endurance Capital had a 9.1% lower weighted standard deviation than the VN Index and a beta value of 0.64 for the 5-year period.
Endurance Capital’s strategy includes having a long-term capital structure with lock-ups – a strategic advantage enabling us to have liquidity available when the market hits a trough. During the past 12 months Endurance Capital utilized this advantage to start building attractive consumer-oriented positions including within healthcare and retail. As a result, the Endurance Capital portfolio now holds a concentrated portfolio of what we deem to be 11 of Vietnam’s future large-caps - with a weighted average net margin of +25.7% and a weighted average return on capital employed (ROCE) of +14.7%.
Endurance Capital Vietnam II is here!
In April we launched Endurance Capital Vietnam II SICAV RAIF – our new fund, based in Luxembourg. We want to thank all those Investors who trusted us a second time by joining in our second fund launch. Moreover, we are very glad to say a great warm welcome to our new anchor Investors who saw our track record and joined us believing in our strategy and our team!
Endurance Capital Vietnam II (ECVII) is set up with three regular share classes and purposed for professional and institutional investors. It is launched with the highly attractive and temporary share class V which offers lower fees for investors joining ECVII early in its journey. Both funds will co-exist with the same strategy and be run by the same team as well as over time invest pro-rata in the same portfolio holdings. Both funds are open once per month for investment. If you are interested to learn more, please send an email to: [email protected]