The Fund

The Vietnam Phoenix Fund Limited (the "Fund"), previously the DWS Vietnam Fund, is currently managed by Duxton Capital (Australia) Pty Ltd (“Duxton Capital” or "Investment Manager").

The primary investment objective of the Fund is to seek long-term capital appreciation of its assets by investing directly or indirectly in a diversified portfolio of securities that do some or all of their business in Vietnam.

The Fund seeks to achieve the investment objective primarily through making investments into equity securities of Vietnamese listed companies.

The Fund has been structured as an open-ended investment fund to allow investors to collectively invest in pursuit of the investment objective set out above.


The base currency of the Fund is the US Dollar, with the minimum aggregate equity interest purchasable by a potential investor in the Fund being at least US$100,000 or its equivalent in any other currency.

The Fund has a strong track record of outperformance.

  • The Fund has outperformed the Vietnam Index on an annualised basis over the last 7 years.
  • In 2021, the Fund was awarded a Top Performer award in the "Asia Pacific - Best Smaller Fund -Emerging Markets" category at the Investor's Choice Awards hosted by Allocator.
  • The Fund is able to collectively deploy 25 years of successful fundamental investment experience in equity markets across Asia, with nearly 20 years of experience investing in Vietnam directly.