Based on the data as of 29th February, BSC forecasts the component stock portfolios and the number of shares to be bought/sold for the ETFs referencing the indices as follows:
– FTS and FRT may be added due to being in the top 85% of accumulated free-float market capitalization among eligible stocks.
– HDG and HNG may be removed due to being outside the top 98% of accumulated free-float market capitalization. The values may be distorted due to data application date, free-float ratio, and investment weight.
Based on the above forecasts, BSC Research suggests that VNM ETF may sell 15 million HNG shares, 2 million HDG shares and HPG shares, but buy 2 million FTS shares, 3 million SBT shares, and over 600 thousand FRT shares.
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Forecasted buy/sell of VNM ETF
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On 8th March 2024, MarketVector Vietnam Local Index is expected to announce the component stock portfolio. On 15th March 2023, the complete restructuring of the portfolio for the ETFs referencing this index is expected to be completed.
Prior to this, FTSE has just announced the addition of EVF to the FTSE Vietnam Index – the benchmark index for FTSE ETF.
* EVF advances into FTSE Vietnam Index
Vu Hao
