Equities which are listed on HSX, HNX, UPCoM, or overseas exchanges as for example Hong Kong Stock Exchange but has its businesses carried out in Vietnam

Fixed income securities of established companies which can be listed or unlisted;

Equities of privately-held companies

A bottom-up stock picking based on fundamental analysis of the business and fair price valuation. Assessments are reviewed at least on a quarterly basis or when new information is deemed having material impact on the business and valuation.

A steady fair valuation provides us with high level of confidence to act especially in market overreactions.

For market timing purposes, we are applying a Technical Trend Following system as a layer to our fundamental analysis. The system solely uses the price history of a stock to generate signals. An additional Buy signal generated by the Technical Trend Following system, on a stock that we already rated as a fundamental Buy, gives us additional confidence to proceed with an investment.