The $100 Million ETF Dumps Vietnamese Stocks During Portfolio Review Week

During this period, VIX experienced the largest sell-off, with a net sell volume of 208,700 shares. HPG came in second with nearly 179,000 shares sold. Additionally, six other stocks witnessed sell-offs of over 100,000 shares, including VHM, VND, SHB, VIC, NVL, and SSI.

Only one stock, VCI, saw a positive change, due to a stock dividend issuance at a ratio of 30% (shareholders holding 10 shares received 3 new shares). It’s important to note that the actual increase was likely lower than the stated ratio, indicating that the Fund may have also sold a portion of VCI shares during this period.

The foreign ETF’s selling move came just before MarketVector Indexes announced the results of its Q3 2024 review (early morning on September 14). In this review, MarketVector removed EVF from the MarketVector Vietnam Local Index, the reference index for VNM ETF, without adding any new stocks.

According to the review results, VHM is predicted to experience the largest sell-off in value, with over 7.7 million USD, equivalent to nearly 4.4 million shares based on the current share price (43,000 VND/share as of September 13). VIX is expected to be the second-largest sell-off, with an estimated 7.6 million USD or approximately 16.4 million shares at the current price (11,300 VND/share).

On the other hand, VRE and HPG are anticipated to see the largest purchases in value, at 3.4 million USD and over 3 million USD, respectively. Additionally, VJC and VND are expected to be purchased for approximately 2.7 – 2.9 million USD.

As of September 16, the net asset value of VNM ETF stood at over 484 million USD, a decrease from the nearly 498 million USD recorded on September 9. The entire portfolio comprises Vietnamese stocks, allocated across 45 stocks and 1 fund certificate. The top weights are held by VHM (9.42%), VIC (8.44%), VNM (8.16%), VCB (6.53%), and HPG (5.93%).

Chau An

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## Foreign ETF Fund of Nearly $500 Million Size, EVF, Plans to Buy VND, VRE, HPG, but Will Dump a Large Volume of Securities Stock

VNM ETF is one of the largest foreign ETFs in the market, with a NAV of nearly $500 million. The fund has recently removed EVF from its portfolio while not adding any new stocks.