According to the updated report on the investment portfolio of the VanEck Vectors Vietnam ETF (VNM ETF), in the week from March 17 to March 24, this fund sold all 9 stocks of the market outside of Vietnam. The recorded value when selling all 9 stocks was 11 million USD. Thus, the VNM ETF fund only holds stocks in the Vietnamese stock market.
Although the sale of foreign stocks has just been completed, before that, when the VNM ETF fund announced the transfer of the reference index to MarketVector Vietnam Local Index, the plan to sell all foreign stocks was also announced in the review of the first quarter of 2023.
The Vaneck Vectors Vietnam ETF has just switched to holding all Vietnamese stocks, selling 11 million USD worth of foreign stocks. (Photo TL)
As of the time of liquidation of all foreign stocks, the total assets of the VNM ETF fund were recorded at 509 million USD with 507.7 million USD of assets in Vietnamese stocks, the rest being cash reserves. In the list of Vietnamese stocks held by the fund, the 5 codes with the largest proportions include: VHM (7.92%), VIC (7.89%), VNM (7.66%), HPG (6.12%), VCB (5.66%).
Regarding the value of the VNM ETF fund, at the time of March 20, 2023, before officially converting the reference index, the fund was valued at 493.7 million USD. Currently, the fund value has reached 509 million USD, 109.6 million USD higher than at the beginning of the year.
The fact that a foreign fund converted its investment portfolio to hold 100% of Vietnamese stocks also shows the interest of foreign capital in companies listed on the Vietnamese stock exchange.
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