VAR models in Vietnam give ‘false sense of security’

Lack of data for models is a function of Vietnam’s new capital markets – but no reason why the quality of data cannot improve over time, say speakers at Risk Vietnam conference

Balancing act: data quality versus VAR effectiveness

Issues over data quality and a short market history in Vietnam make using value-at-risk (VAR) models redundant as a risk management tool, according to Dan Svensson, portfolio manager at local asset management firm Dragon Capital.

Vietnam was admitted to the World Trade Organization in 2007 and its financial markets only started developing after this point – a situation that Svensson, speaking at the Risk Vietnam conference in Hanoi last Thursday, said resulted in an absence of data with which to

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