History of the Fund

The Vietnam Phoenix Fund Limited (“the Fund”), originally the DWS Vietnam Fund, is currently managed by Duxton Capital (Australia) Pty Ltd (“Duxton Capital”).


The Fund was established on 8 December 2006 by Deutsche Asset Management (Asia) Limited (“DeAM Asia”).

In 2009, the Fund’s investment team spun off from DeAM Asia to form Duxton Asset Management Pte Ltd (“Duxton Asset Management”) based out of Singapore, who consequently provided investment management and advisory services in relation to the Fund’s investments under the terms of a sub-delegation agreement between DeAM Asia and Duxton Asset Management.

In September 2016, DeAM Asia resigned as Investment Manager of the Fund, effective 30 September 2016.

Duxton Asset Management was appointed as the Fund’s Investment Manager on 1 October 2016.

On 31st March 2020, the day-to-day responsibility for the investment and re-investment of the Fund’s assets was novated from Duxton Asset Management Pte Ltd to Duxton Capital in Australia, and Duxton Capital was appointed as the Fund’s Investment Manager.