Fubon ETF officially disbursed the first 8 million USD to buy Vietnamese stocks

It is estimated that at the current rate, Fubon ETF will disburse all of the 5th mobilized capital in about 20 sessions.

According to data from Fubon, on March 15, the ccq of the Fubon FTSE Vietnam ETF increased by 21.5 million units, meaning the fund bought about TWD 241 million (~$8 million) of Vietnamese shares. . This is the first disbursement in the 5th additional mobilization with the amount of TWD 5 billion (~ USD 160 million).

It is estimated that at the current rate, Fubon ETF will disburse all of the 5th mobilized capital in about 20 sessions.

The disbursement of Fubon ETF is expected to continue extending the chain of net buying of foreign investors on the Vietnamese stock market. By the end of session 15/3, foreign investors have been net buyers for 7 consecutive sessions on HoSE with a total value of more than 2,500 billion dong. However, in general, in the past month, foreign investors still net sold nearly 800 billion dong.

In the previous year 2022, Fubon ETF was the “magnet” attracting the most foreign investors in Vietnam’s stock market when it netted more than 526 million USD (~ 12,300 billion VND). After disbursing the 4th deposit at the end of last year, the cash flow into this ETF has slowed down markedly for more than 2 months.

Fubon FTSE Vietnam is an organization of Fubon Financial Holdings, which started pouring capital into the Vietnamese market from March 2021. Fubon ETF invests in Vietnamese stocks according to the reference index of FTSE Vietnam 30 Index including 30 stocks with the largest market capitalization on HoSE (conditions of foreign room available).

As of March 15, the net asset value of Fubon ETF reached more than 22.65 billion TWD (~ 750 million USD), of which the stock portfolio accounted for 98.4%. The top 10 largest investments in the portfolio accounted for more than 73.7% of the fund’s NAV, in which Hoa Phat’s HPG stock led with a weight of 11.5%. Following in turn are VIC, VNM, VHM, MSN, VCB,…

In a report late last year, Fubon ETF once emphasized that “now until February 2023 will be an extremely good period to invest in the Vietnamese stock market”. After drastic moves by competent authorities to purify and transparent the market, the fund is confident that the stock market will return to a reasonable growth trajectory.

Ha Linh/Market Lifestyle