A series of stocks will be purchased by the two ETFs in the near future, such as VHM, which will be purchased by the two funds with a total of 6.2 million shares; VIC, which will be purchased with 1.1 million shares; and VND, which will be purchased with 1.56 million shares.
On June 7, 2024, FTSE announced the list of stocks that make up the FTSE Vietnam All-share and FTSE Vietnam Index. On June 14, 2024, MarketVector announced the Marketvector Vietnam Local Index. Accordingly, FTSE Vietnam Index (FTSE reference ETF) added new shares of TCH and did not remove any shares.
MarketVector Vietnam Local Index (VanEck Vectors Vietnam ETF reference) added new stocks CTR and EVF; no stocks were removed. June 21, 2024 is expected to be the date to complete the restructuring of the entire portfolio of reference ETFs according to these indexes.
BSC forecasts that VanEck Vectors Vietnam ETF will buy 987 thousand CTR shares, increasing the weight from 0% to 0.99%; EVF will buy 11.2 million new shares, increasing the weight from 0% to 0.98%. Meanwhile; TCH will be bought 5.2 million new shares by FTSE ETF.
In addition, a series of additional stocks were purchased such as VHM, which was also purchased by two funds with a total of 6.2 million shares; VIC was purchased with an additional 1.1 million shares; VND was also purchased with an additional 1.56 million shares, along with other stocks that were also purchased such as VCI, EIB, VIX, NVL, SHB, POW, etc. On the contrary, the remaining stocks were sold to reduce the proportion.
The total asset value of the VanEck Vectors Vietnam ETF fund as of May 24 reached VND13,440 billion. The total asset value of the FTSE Vietnam Swap UCITS ETF fund as of May 24 reached VND8,423 billion. Specifically, the total asset value of the fund decreased by -6% compared to the beginning of the year, NAV increased by +2.8% compared to the beginning of the year, and net capital withdrawal reached -786 billion VND.
Previously, BSC forecasted the list of component stocks and the number of stocks bought/sold for reference ETFs according to the indexes, specifically as follows: FTSE Vietnam Index (FTSE reference ETF). FTSE Vietnam Index is expected to not remove any stocks and will add new KHD and TCH. The value may be distorted due to the date of data application, free-float ratio, investment weight.
FTSE ETF will buy 2.5 million new KDH shares and 5.1 million TCH shares. In addition, this ETF will buy an additional 1.4 million POW shares; 1.5 million VIX shares; 1.5 million NVL shares; 1.6 million VND shares. On the contrary, it will sell the most 1.8 million SSI shares.
With MarketVector Vietnam Local Index (VanEck Vectors Vietnam ETF reference), MarketVector Vietnam Local Index is expected to not remove any stocks and add new EVF, CTR and FRT because they are in the top 85% free-float capitalization accumulated by stocks that satisfy the conditions. Values may be distorted due to data application date, free-float ratio, investment weight.
Note: in the case of FRT, the top 85% cumulative free-float capitalization is at the threshold to enter the index, however the value may be distorted due to the date of data application, free-float ratio, and investment weight.
Source: VnEconomy
