At the year ended 2023, while VNIndex closed at 1129.93, increased 12.2%. Meanwhile, the open ended mutual fund performance was very good with an outstanding performance of all equity funds.

The best performing fund is TCBF, a bond fund managed by Techcom Capital. However, it is noted that TCBF was undervalued in the mass redemption since Q4 2022, and its recovery at the year ended 2023 was an exceptional result.

Top 5 equities funds all outperformed VNIndex with a difference of over 10%. Detail of Vietnam open ended mutual fund performance can be found in the table below: