The SSI Sustainable Competitive Advantage Fund (SSI-SCA) exited its Vingroup (VIC) stake in September, even though the stock was its largest holding at the end of August at nearly 11%. As of end-September, the fund's net asset value was close to VND 1,300 billion, with stocks making up 78.62% of assets and cash rising to 21%, versus a monthly average of about 10%. The fund fell 3.1% in September, less than the 3.5% drop in the VN-Index. SSI-SCA attributed market pressure to rising global bond yields, high oil prices, weakening domestic liquidity and net foreign selling of about US$179 million. Financials remain the largest sector, with four of the fund's top five holdings being bank stocks.
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Original headline: Một quỹ đầu tư bất ngờ bán sạch cổ phiếu tỷ trọng lớn nhất danh mục trong tháng 9
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