As of September 16, iShares MSCI Frontier and Select EM ETF no longer holds any Vietnamese stocks. The only remaining Vietnam-related asset in the fund’s portfolio is approximately 81 million VND in cash. Thus, this ETF has completed its exit from the Vietnamese market before officially closing the fund.
Prior to this, the ETF experienced significant capital outflows after BlackRock unexpectedly announced its closure in early June. According to the plan, BlackRock expects the ETF to stop trading and no longer accept creation and redemption orders after the market closes on March 31, 2025. However, the announcement also emphasized that this date may change.
BlackRock is the world’s largest asset manager, with a massive $10.65 trillion in assets under management as of the second quarter of 2024. This record figure was achieved through increases in client asset values and inflows into the company’s ETF offerings.
iShares MSCI Frontier and Select EM ETF is a fund that invests in frontier and emerging markets, previously known as Ishare MSCI Frontier Markets 100 ETF, tracking the MSCI FM 100 Index. In March 2021, the fund changed its name to the current iShares MSCI Frontier and Select EM ETF and adopted the MSCI Frontier & Emerging Markets Select Index as its benchmark.
This ETF was once a major player in Vietnam’s stock market, holding hundreds of millions of dollars in local stocks. Vietnam also had the highest weight in the fund’s portfolio before BlackRock’s decision to close it.
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## Are Your Flood-Damaged Electronics Eligible for Support? A Look at What Samsung and Sony Are Offering to Those Affected by the Yagi Storm.
To support customers affected by the recent Typhoon No. 3, the two leading electronics companies are offering a helping hand by waiving repair fees and providing discounts on replacement parts.
“BAOVIET Bank Donates 1.28 Billion VND to Support Victims of Storm No. 3 (Yagi)”
“In a heartfelt display of unity and compassion, BAOVIET Bank has donated 1.28 billion VND to support those affected by the devastating Storm No. 3 (Yagi). With a deep sense of community, the bank’s contribution aims to help individuals and businesses get back on their feet, rebuild their lives, and restore their livelihoods as quickly as possible.”
“Vice Minister Bui Thanh Son: Ministry of Industry and Trade, Focus on these 3 Critical Areas for Success”
On September 17, at the Ministry of Industry and Trade’s headquarters, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son reviewed the Ministry’s performance over the past eight months, discussed challenges and bottlenecks, and charted a way forward for the remaining months of 2024.
Impressive Growth: Vietnam’s Field of Dreams Aims for $800 Billion by Year-End.
According to the General Statistics Office, if the current growth momentum is maintained, a particular sector in Vietnam is on track to surpass its previous record of 732 billion USD achieved in 2022. With this impressive trajectory, there are high hopes for reaching the remarkable milestone of 800 billion USD.
