The MVIS Vietnam Local Index, the underlying index of the Vaneck Vectors Vietnam ETF (VNM ETF), announced its portfolio restructuring for Q1 2025, adding the new stock NAB (Nam A Bank). Currently, this portfolio has 46 stocks and is valued at 414 million USD (~10.6 trillion VND). VNM ETF plans to buy 8.1 million shares of SIP and 3.2 million shares of HPG, while significantly reducing its holdings in VIC (3 million shares), VHM (2 million shares), and SHB (2.8 million shares). The fund switched to the MVIS Vietnam Local Index on March 17, 2023, and has faced net withdrawals of about 1.5 trillion VND in 2024. Similarly, the FTSE Vietnam Index also announced the addition of SIP and made no exclusions. The total net asset value of the FTSE Vietnam ETF reached 261 million USD (~6.6 trillion VND), focusing on finance, real estate, consumer goods, and industry sectors. Both funds will finalize their portfolio restructuring next week.
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