Investors will now be familiar with "BRIC" funds that invest in Brazil, Russia, India and China. But another acronym threatens to invade the investment world – the VIC fund. BNY Mellon Asset Management plans to launch the Mellon Vietnam, India and China, or VIC fund, subject to regulatory approval. The VIC Fund forms part of the Dublin-domiciled Mellon Global Funds range and will be managed by Hamon Investment Group, which is a Hong Kong-based Asian equity investment specialist and part of BNY Mellon Asset Management. The Mellon VIC Fund is a focused portfolio of 45-55 stocks seeking long-term capital appreciation through investment in the emerging markets of Asia, including Vietnam, China and India. Benchmarked against the Morgan Stanley Capital International Emerging Asia Index, the fund adopts an unconstrained strategy, which provides the fund manager the flexibility to pursue diverse investment opportunities in companies of various sizes and sectors.