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The investment objective of the United Vietnam ESG Equity Fund (UVEEF) is to pursue long-term capital growth through building a balanced and diversified portfolio of stocks of companies listed on the Vietnam stock market with following characteristics:
- Leading companies in respective sector, good fundamentals and sustainable long-term growth prospects, good stock liquidity;
- Comply with ESG standards (*) and have good ESG score by UOBAMV Investment team. The UVEEF aims to promote good practice by companies toward ESG standards to improve competitiveness and sustainable development. Thereby, it will increase the value of these companies and contribute to the increase in value of the investments of the UVEEF.
(*) ESG: stand for Environment (E), Social Responsibility (S), and Corporate Governance (G). ESG is a set of standards to evaluate the sustainable development of a company in addition to the traditional important goal of maximizing corporate profits.
+ Environment (E): Assess the company's efficient usage of energy, waste treatment, pollution, and protection of natural resources. The standard also looks at environmental risks a company is facing and how it is handling or plans to handle these risks.
+ Social Responsibility (S): Evaluate the company's business relationships such as relationships with suppliers, distribution channels...; Percentage of profit taken to contribute to social activities and community; Working conditions, safety and health of employees; Whether it has in place a corporate policy to prevent sexual abuse or racial discrimination.
+ Corporate Governance (G): Evaluate the company’s accounting system, reporting, corporate information and their accuracy and transparency; Shareholders' right to vote on important issues, measures to limit conflicts of interest, equal rights for women in corporate governance, as well as the diversity and independence of the board of directors.
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