PXP Vietnam Asset Management

What PXP Vietnam Asset Management does

PXP Vietnam Asset Management was a Ho Chi Minh City-based investment management firm founded in 2002 as Vietnam's first listed-equity specialist manager. The firm ran a concentrated, bottom-up fundamental strategy focused on equities listed on the Ho Chi Minh City Stock Exchange (with secondary coverage of Hanoi), utilizing internal research capabilities and proprietary financial, valuation, and sectoral models. Its product set comprised two Cayman-domiciled vehicles: the flagship PXP Vietnam Emerging Equity Fund (PXP VEEF), an open-ended mutual fund with semi-monthly liquidity, and the PXP Vietnam Smaller Companies Fund (PXP VSCF), targeting Vietnamese listed companies with market capitalisations between US$20–250 million. A third historical vehicle, PXP Vietnam Fund (VNF LN), was merged into PXP VEEF on 2 February 2015.

The firm operated with 11–50 staff organized across five departments (Portfolio Management, Research, Back Office, Legal, Administrative), led by Kevin Snowball as CEO and CIO, who has lived in Vietnam since 2002. Revenue was generated through management fees on AUM from qualified/accredited and institutional investors, distributed via a sales-led motion supported by thought-leadership media presence (Bloomberg TV, CNBC, Financial Times) and a subscription distribution list for NAVs and market commentary. Performance was externally validated by 2014 BarclayHedge rankings (PXP Vietnam Fund #1 and PXP VEEF #3 in Emerging Markets Asia over Three Years).

According to the company's own website, PXP Vietnam Asset Management is no longer operational as a fund manager, with all participating shares in its funds redeemed by 2020; the website is retained for historical reference only. No proprietary technology, AI/ML capabilities, or external ownership structure are disclosed in the available sources.

Name

PXP Vietnam Asset Management

Legal name

PXP Vietnam Asset Management Limited

Website

https://pxpvietnam.com

Company type

Private

Founded year

2002

Operating status

Closed

Headcount range

11–50 employees

Short description

PXP Vietnam Asset Management was a Ho Chi Minh City-based equity specialist founded in 2002 as Vietnam's first listed-equity-focused asset manager. It ran the PXP VEEF and PXP VSCF funds for qualified investors before ceasing operations by 2020.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: PXP Vietnam Asset Management generates revenue through management fees from managing its Vietnam-focused equity funds, including PXP Vietnam Emerging Equity Fund (PXP VEEF) and PXP Vietnam Smaller Companies Fund (PXP VSCF). The funds invest primarily in equities listed on the Ho Chi Minh City Stock Exchange.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

PXP Vietnam Asset Management managed Vietnam-focused listed equity investment funds for qualified/accredited and institutional investors. Its flagship offering was the PXP Vietnam Emerging Equity Fund (PXP VEEF), a Cayman Islands Mutual Fund with semi-monthly liquidity investing primarily in equities listed on the Ho Chi Minh City Stock Exchange. The firm also offered the PXP Vietnam Smaller Companies Fund (PXP VSCF) targeting Vietnamese mid-cap listed companies.

Product overview

PXP Vietnam Asset Management offers a suite of Vietnam-focused listed equity investment funds. The flagship product is the PXP Vietnam Emerging Equity Fund (PXP VEEF), a Cayman Islands Mutual Fund with semi-monthly liquidity investing in Ho Chi Minh City Stock Exchange equities. The product line also includes the PXP Vietnam Smaller Companies Fund targeting mid-cap Vietnamese companies (US$20-250 million market cap), and the historical PXP Vietnam Fund (VNF LN) which merged into PXP VEEF in 2015. All products are designed to provide investors with exposure to Vietnamese listed equities through different market cap segments.

Differentiator

Problem solved

Functional benefit

Brands

• PXP Vietnam Emerging Equity Fund (PXP VEEF): Flagship fund, a Cayman Islands Mutual Fund with semi-monthly liquidity, investing in equities listed on Ho Chi Minh City Stock Exchange.
• PXP Vietnam Smaller Companies Fund (PXP VSCF)

Products and services

• PXP Vietnam Emerging Equity Fund (PXP VEEF) Flagship Cayman Islands Mutual Fund with semi-monthly liquidity, primarily investing in equities listed on the Ho Chi Minh City Stock Exchange. Offered to qualified/accredited and institutional investors seeking high-conviction exposure to Vietnamese listed equities through multiple fund series.
• PXP Vietnam Smaller Companies Fund (PXP VSCF) Fund investing in the equity securities of Vietnamese listed companies with a market capitalisation between US$20 and 250 million. Designed for investors seeking targeted exposure to Vietnam's mid-cap listed equity segment.

Quantifiable outcome

• Ranked #1 in Emerging Markets Asia over Three Years (BarclayHedge)
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• Wetter FoundationminorOthersCharitable partnership supporting the Wetter Foundation's aim to help poor children in Indochina, specifically Vietnam. Focus on building schools and orphanages.
• Saigon Children's CharityminorOthersPartnership with Saigon Children's Charity, founded in 1992 to help disadvantaged Vietnamese children get an education and a fairer start in life.

Scale indicators4 records

Recent moves5 records

Expansion highlights2 records

Broad incumbents

• Manulife Investment Management: Manulife Investment Management is a global asset manager offering Vietnam equity funds (e.g., Manulife Vietnam Equity Fund); it overlaps with PXP on Vietnam equity exposure but at vastly broader scale across multiple asset classes.
• Mirae Asset Global Investments: Mirae Asset operates Vietnam-focused equity ETFs and funds (e.g., Mirae Asset Vietnam Equity ETF) — directly competitive institutional Vietnam equity products managed from a global platform, similar to the role PXP played at smaller scale.

Regional players

• VPBank Capital: VPBank Capital (VPBankS) is a Vietnam-based securities and asset-management arm of VPBank providing local-equity fund products and advisory services that compete for the same HOSE-focused retail-accredited investor base PXP served.
• Saigon Asset Management: Saigon Asset Management is a Vietnam-domiciled alternative investment manager that has historically listed Vietnam-focused closed-end funds on the LSE (e.g., VAF, SCF), overlapping with PXP in mandate and distribution channel.
• SSI Asset Management: SSI Asset Management (SSIAM) is one of Vietnam's largest domestic asset managers with multiple locally-domiciled equity funds investing in HOSE-listed equities — directly comparable Vietnam-focused active equity capability.

Direct peers

• VinaCapital: VinaCapital is one of the largest Vietnam-focused asset managers, offering equity and balanced funds plus a closed-end VinaCapital Vietnam Opportunity Fund with a structure (HOSE-listed equities, professional investor base) directly comparable to PXP VEEF.
• AFC Vietnam Fund: AFC Vietnam Fund is a public, Vietnam-listed-equity closed-end fund targeting primarily HOSE-listed companies — a near-twin product to the former PXP VEEF in mandate and investor channel.
• KIM Vietnam Fund (Korea Investment Management): KIM Vietnam Fund is an open-end Vietnam equity fund managed by Korea Investment Management, directly comparable in product structure, investor type, and HOSE-focused mandate to PXP VEEF.
• ASM Vietnam Fund: ASM Vietnam Fund is an external manager structure investing in Vietnamese listed equities aimed at institutional and qualified investors, comparable in size band and mandate to PXP VEEF.
• Dragon Capital: Dragon Capital is a Vietnam-focused investment management firm operating multiple public-equity funds (e.g., Vietnam Equity UCITS, Vietnam Balanced) investing in HOSE/HNX, with the same fund structures, retail-accredited and institutional channels, and local research coverage as PXP.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key highlights5 records

Customer concentration

• Xx.com/PXPVietnam
• LinkedInlinkedin.com/company/pxp-vietnam-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PXP Vietnam Asset Management