VinaCapital Vietnam Opportunity Fund (VOF) has completed its migration from the Cayman Islands to Guernsey and its move from AIM to the premium segment of the Main Market of the London Stock Exchange (LSE).

Directors of VOF announced back in October 2015 that the fund would be migrating to Guernsey, highlighting that the fund's place of domicile and its quotation on AIM were barriers to certain potential new investors. Among the reasons for choosing Guernsey were the Island's well-established infrastructure for the administration of closed-ended funds listed on the LSE and a robust regulatory and compliance regime.

Carey Olsen's corporate practice advised VOF on both the Guernsey aspects of the migration and the move to the Main Market of the LSE. The team was led by Partner Ben Morgan and included Senior Associate Annette Alexander and Associate Claire Cooke.

Advocate Morgan said: "Guernsey is a popular location for the administration of closed-ended funds listed on the LSE due to the island's infrastructure and strong regulatory and compliance regime. Carey Olsen continues to advise more LSE-listed clients than any other offshore law firm so we were well placed to advise our client on this latest project."

VOF is a closed-ended fund originally launched in 2003 and is one of the largest and most successful funds investing in growth areas in the Vietnamese economy. As at 31 March 2016, the fund's net asset value was US$710.5 million.

Guernsey Finance Chief Executive Dominic Wheatley said: "It is extremely encouraging to hear of VOF's migration to Guernsey. News of this type reinforces the fact that Guernsey remains home to more non-UK entities listed on the London Stock Exchange than any other jurisdiction globally, excluding the UK."

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