Fubon ETF’s first move in Vietnam’s stock market in early 2024?

According to Donghai

Investing.com – During the trading session on January 8, Fubon FTSE Vietnam ETF net issued 2 million fund certificates, equivalent to approximately US$700,000. Fubon ETF issuance is equivalent to approximately 18 billion VND, all of which has been used to purchase Vietnamese stocks.

This is the ETF’s first period of net withdrawals in 2024. Previously, Fubon ETF’s net withdrawals in 2023 exceeded US$73 million (approximately VND1.8 trillion). In December 2023 alone, the fund issued 48 million fund certificates, equivalent to a net absorption of more than US$17 million.

Net buying of the Fubon FTSE Vietnam ETF occurred despite foreign investors generally still being actively net selling in the stock market, with net selling worth more than VND1.4 trillion from the beginning of 2024 to date.

As of the end of January and August, the Fubon FTSE Vietnam ETF investment portfolio reached more than NT$26.4 billion, equivalent to more than 20.7 trillion VND. According to the FTSE Reference Index, the fund is 100% invested in Vietnamese stocks. 30 index. In the portfolio structure, HPG (HM:) is the largest stock at 10.7% (holding 79.4 million shares), followed by VCB (HM:) (8.87 million shares), VHM (HM:) (8.86%) , VNM (HM:) (8.84%), VIC (HM:) (8.29%)…

In the first payment period of the new year, Fubon ETF made a net purchase of all 30 stocks in the portfolio, including a strong purchase of nearly 700,000 shares of HCM Securities industry stocks, and a net purchase of 151,000 shares of HPG. , VHM owns 81,000 shares…

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