The Fubon ETF is Set to Purchase Over 5.4 Million Bank Shares

The Fubon ETF predicts a significant shift in its holdings, with the purchase of 5.4 million NAB shares and the complete sell-off of over 3 million VCG shares.

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On September 6, 2024, FTSE announced the constituent stock portfolio of the FTSE Vietnam All-Share and FTSE Vietnam Index. On September 13, 2024, MarketVector announced the MarketVector Vietnam Local Index portfolio.

The details of the changes are as follows: FTSE Vietnam Index (referencing FTSE ETF) added FRT, FTS, and KDH, and did not remove any stocks. BSC predicts that the reference FTSE ETF will buy 1.1 million FRT shares, 1.86 million FTS shares, and 2 million KDH shares.

MarketVector Vietnam Local Index (referencing VanEck Vectors Vietnam ETF) did not add any new stocks and removed EVF. It is predicted that EVF will sell 8.35 million shares.

For the FTSE Vietnam 30 Index – which the ETF Fubon references – BSC Research predicts that if FTSE removes VCG, then NAB may be added as a replacement. The FTSE Vietnam 30 Index has two annual review periods in March and September and does not widely publish official results; instead, referencing ETFs will rebalance their portfolios on the last implementation day.

Source: VNEconomy

For this September review period, the FTSE Vietnam, FTSE Vietnam 30, and MarketVector Vietnam Local Index will implement the final restructuring on Friday, September 20, 2024.

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