Both ETFs tracking the FTSE Vietnam Index and MarketVector Vietnam Local Index have announced their Q3/2024 portfolios and will complete their restructuring this week.
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| The two ETFs involved will need to complete their portfolio restructuring by Friday (September 20). |
According to the SSI Research Investment Consulting and Analysis Center, FTSE Russell and MVIS have announced the results of the new index portfolios. The new portfolio will take effect from September 23, so the related ETFs will need to complete the portfolio restructuring by Friday (September 20).
Of which, the FTSE Vietnam Index added 3 new stocks KDH, FRT and FTS, while no stocks were removed. For the FTSE Vietnam All-share Index, no stocks were added or removed from the index. However, please note that, currently, there is no ETF directly using this index, so these changes do not affect the stocks.
SSI Research said that the FTSE Vietnam Swap UCITS ETF fund, which simulates the FTSE Vietnam Index, has a total asset value of USD 291.6 million, equivalent to VND 7,170 billion, as updated on September 12, 2024. The total asset value of the fund has decreased by 17% compared to the beginning of the year, of which the net capital withdrawal value is USD 51 million (VND 1,254 billion) and the net asset value (NAV) has decreased by 3.8% compared to the beginning of the year.
Based on the results of the new index portfolio, SSI Research estimates that the fund will buy about 5.1 million KDH shares (2.66% weight); 800,000 FRT shares (2% weight) and 2 million FTS shares (1.24% weight). At the same time, the fund can sell a large amount of VIX shares (8.8 million shares), VND (4.2 million shares), NVL (3.5 million shares) and EVF (2.95 million shares).
The MarketVector Vietnam Local Index excludes EVF and does not include any stocks. In addition, it should be noted that HNG shares were delisted from the HoSE on September 6, 2024 and removed from the index. This index portfolio will include 44 stocks.
The VanEck Vectors Vietnam ETF (which simulates the MarketVector Vietnam Local Index) has a total asset value of 493 million USD (12,123 billion VND) as of September 12, 2024. Specifically, the total asset value of the fund has decreased by 6.5% compared to the beginning of the year, of which the net capital withdrawal value is 17.3 million USD (425.4 billion VND) and NAV decreased by 3.3% compared to the beginning of the year.
Based on the results of the new index portfolio, SSI Research estimates that the fund will sell about 8.2 million EVF shares (0.79% weight). In addition, the fund also bought VND (4.6 million shares), VRE (4.3 million shares), HPG (2.3 million shares). On the other hand, the fund may sell a large amount of VIX shares (16.5 million shares), VHM (4.4 million shares), VNM (2.2 million shares) and VIC (1.3 million shares).
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| Changes in the number of shares traded of the FTSE Vietnam Swap UCITS ETF and VanEck Vectors Vietnam ETF. |
According to data as of September 13, 2024, summarizing changes in the number of shares bought and sold by the FTSE Vietnam Swap UCITS ETF and VanEck Vectors Vietnam ETF, KDH is the stock with the most disbursed purchases out of a total of more than 6 million shares expected to be purchased by the two foreign funds. Meanwhile, it is expected that up to 25.3 million VIX shares will be sold this time, EVF will be sold by the two funds with a total of 11.2 million shares. Many stock codes will also be sold millions of units such as VHM, VNM, VIC, NVL.
Source: https://baodautu.vn/hai-quy-etf-ngoai-giao-dich-ra-sao-trong-ky-co-cau-quy-iii2024-d225123.html
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