MVIS Vietnam Local Index, the index of Vaneck Vectors Vietnam ETF, has just announced its portfolio structure for Q1 2025, adding NAB (Nam A Bank) and excluding no stocks. The number of stocks in this portfolio has increased to 46, with a total value of 414 million USD (~10.6 trillion VND). VNM ETF plans to buy about 8.1 million shares of SIP and 3.2 million shares of HPG, while significantly selling VIC (3 million shares), VHM (2 million shares), and SHB (2.8 million shares). The VNM ETF switched to the MVIS Vietnam Local Index on March 17, 2023, after attracting large flows at the end of 2022. However, in 2024, the fund faced net withdrawals of nearly 1.5 trillion VND, with this trend continuing into the early months of this year. Meanwhile, FTSE Vietnam Index also added SIP without excluding any stocks, managing total assets of 261 million USD (~6.6 trillion VND) focusing mainly on financial and real estate sectors. Both funds will complete their restructuring by the end of the week and the new portfolios will be effective from March 24.
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