Allocation
Target Allocation
Target weights and permitted bands by horizon and asset class, measured on consolidated NAV.
Q4 2026 – 2027
Target allocation — Phase 1 (Foundation)
ActiveEffective from: 1 Oct 2026
By horizon
RangeTarget
- Long-term · 5+ years45% – 65%55%
- Medium-term · 1 – 5 years20% – 40%30%
- Short-term · Under 12 months10% – 25%15%
Notes
- Weights are measured on consolidated fund NAV (both divisions), marked to market at month-end.
- In the first 12 months PE/VC may sit at 0% until the first deal is approved; undeployed capital stays in deposits.
- Global equities and real estate carry no weight in Phase 1.
By asset class
RangeTarget
- Vietnam equities25% – 45%35%
- Cash8% – 25%12%
- Bonds & term deposits5% – 20%10%
- Digital assets5% – 15%10%
- Gold8% – 15%10%
- Private equity0% – 20%10%
- Pension5% – 12%8%
- Venture capital0% – 5%3%
- Silver0% – 3%2%
2028 – 2029
Target allocation — Phase 2 (Scale)
PlannedEffective from: 1 Jan 2028
By horizon
RangeTarget
- Long-term · 5+ years50% – 68%58%
- Medium-term · 1 – 5 years20% – 38%28%
- Short-term · Under 12 months10% – 22%14%
Notes
- Activated once the family holding has operated ≥ 1 year with ≥ 1 subsidiary.
- Global equities accessed indirectly via funds/ETFs lawfully distributed in Vietnam.
By asset class
RangeTarget
- Vietnam equities22% – 40%30%
- Digital assets5% – 15%12%
- Private equity5% – 20%12%
- Cash6% – 20%10%
- Gold8% – 15%10%
- Bonds & term deposits5% – 15%8%
- Pension5% – 12%7%
- Global equities0% – 10%5%
- Venture capital2% – 5%4%
- Silver0% – 3%2%