Looking at the 'shark' fund portfolio: Which stocks bring huge profits?

Despite the fluctuations, the VN-Index still increased by nearly 12% in the past month with record liquidity, and increased by 33% since the beginning of 2025. Many open-end funds have achieved outstanding results and large profits.

Many open-end funds focus on collecting stocks of businesses with the potential for profit growth of 15-20%/year (2025-2026), higher than the market average (13-15%). In the context of a rapidly growing but highly volatile stock market, persistence with a long-term vision will help open-end funds maintain their superior advantage - Photo: QUANG DINH

Decoding the investment portfolio helps "sharks" make big profits

Despite starting the new week in red, the stock market has witnessed many investors, especially the "sharks", reaping great results. The VN-Index has surged by nearly 180 points (12%) to 1,682.21 points in the past month, the strongest increase in more than 7.5 years, bringing the increase since the beginning of 2025 to nearly 33%.

According to statistics from Fmarket, the leading open-end fund platform in Vietnam, the strong increase spread helped "sharks" receive outstanding performance.

A series of funds had higher returns last month than VN-Index, led by: Bvfed (15.5%), VinaCapital-Veof (14.6%), Magef (14.5%), Uveef (13.8%), Kdef (13%) and Vinacapital-Vesaf (12.9%), Mafeqi (12.7%), VinaCapital-Vmeef (12.6%).

The common point of these funds is that they give a large proportion to banking stocks, the main driving force of the market last month.

For example, Bvfed fund allocates nearly 46% to bank stocks (VPB, ACB, TCB,SHB , MBB, LPB, HDB), more than 10% to construction materials group (HPG) and nearly 4% to utilities industry.

Meanwhile, VinaCapital-Veof fund allocated nearly 42% to bank stocks (MBB, CTG, STB, CTB, VPB,VIB ), more than 7% to construction materials (HPG), and also allocated more to retail (MWG) and real estate (DXG).

However, the overall market growth picture is still clearly differentiated. Besides the strong increase in banking stocks, securities stocks, Vingroup and Gelex groups, many other sectors such as import-export and real estate have not yet reached their peak in April.

It can be seen that if we remove the codes with big impact, VN-Index is actually only around 1,500 points . This explains why many individual investors, despite witnessing the market boom, actually receive disproportionate profits.

In that context, open-end funds become an effective choice, operated by a team of experienced experts.

It is more difficult for individual investors to choose stocks.

Based on market data, the VN-Index is currently trading at a P/E (price to earnings) of 15.8 times, equivalent to the 10-year average. If calculated by projection, the P/E is only about 13.4 times, much lower than previous peaks. This shows that the market still has room to grow, but individual investors are finding it increasingly difficult to choose individual stocks.

According to experts from KIM Vietnam Management Company, after the hot growth, the market may slow down and there may be corrections due to exchange rate and inflation risks. However, the expectation of the US Federal Reserve (Fed) cutting interest rates in September and the possibility of a market upgrade from FTSE will be important catalysts.

According to data from the Fmarket platform, investors who hold any equity or balanced fund over the past five years have achieved returns of over 12% per year. Even if they invest in the best performing fund, they can achieve returns of over 25% per year.

Average profit in the last 5 years of many open-end funds - Source: Fmarket

Since the US tariff disruption in April, many funds have not only recovered, but have also increased by over 50% thanks to their value-oriented strategies and timely restructuring. The rapid recovery of open-end funds shows the advantage of a professionally managed portfolio that focuses on businesses with solid foundations rather than chasing short-term waves.

Commenting on the long-term attractiveness of the Vietnamese stock market, Ms. Nguyen Hoai Thu - Deputy General Director of VinaCapital Fund Management Company, said that three core factors include: the prospect of upgrading to emerging market status will attract foreign capital flows, economic growth and sustainable corporate profits, and the "Innovation 2.0" program (promoting structural reform and the approval process of infrastructure and real estate projects).

These dynamics will help Vietnam become one of the most attractive investment stories in Asia. However, Ms. Hoai Thu also emphasized: "The Vietnamese stock market will be strongly affected by both macro and micro factors, domestic and foreign, due to the highly open economy. Therefore, this is not a place for short-term investors, but a land of disciplined and sustainable strategies."

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Source: https://tuoitre.vn/soi-danh-muc-quy-ca-map-co-phieu-nao-mang-ve-loi-nhuan-khung-20250908124858873.htm