FTSE Russell adds 2 Vietnam tickers to flagship index

By Hai Yen

Fri, December 6, 2024 | 10:19 pm GMT+7

Global index provider FTSE Russell has added two Vietnamese stocks to its FTSE Vietnam Index, the underlying index of the FTSE Vietnam ETF.

VPI of Van Phu-Invest Investment JSC and VTP of Viettel Post JSC were added to the index. Meanwhile, EVF of EVN Finance JSC and NLV of No Va Land Investment Group Corporation (Novaland) were excluded, FTSE Russell said in its fourth-quarter review.

An investor stands in front of stock boards. Photo courtesy of Thanh Nien (Young People) newspaper.

In addition, VTP was the only ticker added to the FTSE Vietnam All-Share Index. Meanwhile, EVF, NVL, and VIB of Vietnam International Commercial Joint Stock Bank (VIB bank) were ousted from this index.

After the review, the number of constituents in the FTSE Vietnam Index remained steady at 31. The changes will take effect after the close on December 20.

As of September 5, the FTSE Vietnam ETF had $295.17 million worth of assets under management. Financials, real estate, industrials, and consumer staples are the sectors with the largest weightings of its portfolio.

The top components are Hoa Phat Group (15.07%), Vingroup (8.43%), Vinhomes (8.16%), Vietcombank (8.08%), Masan Group (7.93%), and Vinamilk (7.85%).

The FTSE Vietnam Index comprises Vietnamese blue chip companies listed on the Ho Chi Minh Stock Exchange. They are the largest and most liquid companies that have sufficient foreign ownership availability. Review is conducted quarterly, with the largest component capped at 15%.

On December 14 (Vietnam time), the MarketVector Indexes will announce the review of the MarketVector Vietnam Local Index, the underlying index of the VNM ETF.

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