Monday, November 6, 2017

Sold Vietnam Opportunity Fund (VCVOF)

I sold my shares in Vietnam Opportunity Fund (VCVOF) this morning. I am long term bullish on Vietnam because of its demographics and continued reforms by the government. Nevertheless, in this time of significant overvaluation I want to trim back on positions that have liquidity issues.

I was holding this position for a couple of years and using the ticker (VCVOF). There is not a whole lot of liquidity when trading the Vietnam Opportunity Fund under this ticker. If the markets experience a psychotic break and liquidity drys up it will be very difficult to get out of positions like this.

I will continue to watch Vietnam and after valuations correct I am sure I will be looking to re-enter the Vietnamese market.

I was able to pocket a 43% gain on this stock.

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