For the first time in the FTSE index, it is estimated that more than 5.2 million EVF shares were purchased.
FTSE Russell and MVIS have announced the results of their new index portfolios. The ETFs involved will need to complete their portfolio restructuring by Friday (March 15).
Recently, FTSE Vietnam Index announced the ETF portfolio for the first quarter of 2024 with the addition of EVF while no stocks were removed. Using the reference index, the FTSE Vietnam Swap UCITS ETF had a total asset value of USD 364.6 million as of March 7, 2024. The total asset value of the fund increased by 4% compared to the beginning of the year, of which the net capital withdrawal value was USD 11 million and NAV increased by 8% compared to the beginning of the year. In the recently published report, SSI Securities Research estimated that the fund would buy about 5.2 million EVF shares, thereby increasing the proportion of this stock in the portfolio basket to 1.01%.
In addition, according to SSI Research's calculations, this fund also bought nearly 1.92 million additional PDR shares of Phat Dat Real Estate Development Joint Stock Company. Thereby, the proportion of PDR shares in the portfolio basket is expected to increase from 1.07% to 1.67%.
On the other hand, in this portfolio restructuring, VND and NVL were the two stocks sold the most, with an estimated 3.56 million shares and 3.47 million shares sold from the fund, respectively.
In addition to the FTSE Vietnam Swap UCITS ETF, the VanEck Vectors Vietnam ETF with total assets of $557.6 million as of March 7, 2024 will also need to complete its portfolio restructuring this week. According to the recently announced Q1/2024 portfolio results, the MarketVector Vietnam Local Index added FTS and eliminated no stocks, thereby increasing the total number of stocks in the portfolio to 44 stocks.
Since the beginning of the year, the total value of the fund's assets has increased by 5.8%, of which the net capital withdrawal value is 650 thousand USD and NAV has increased by 5.9% compared to the beginning of the year. SSI Research estimates that the fund will buy about 3.2 million units of FTS shares (1.4% proportion). This is also the most purchased stock in this restructuring round. In addition, it is estimated that VanEck Vectors Vietnam ETF will also buy an additional 1.07 million units of VRE shares and 1.06 million units of PDR shares. Meanwhile, there are a series of stocks with net sales of over a million units such as HPG (1.625 million units), VIX (1.22 million units), SSI (-1.21 million units), NVL (-1.11 million units), etc.
In general, in both foreign funds, the two new recruits entering the portfolio basket, EVF and FTS, will be the most net bought. Next, PDR is strongly bought in both funds with a total of nearly 3 million units bought. Meanwhile, VIX, SSI and HPG are the 3 stocks that are most heavily sold in the portfolio restructuring of the two ETFs above.
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