{"id":1233,"date":"2022-11-23T16:31:21","date_gmt":"2022-11-23T09:31:21","guid":{"rendered":"https:\/\/pacificcapital.vn\/?p=1233"},"modified":"2022-11-23T16:31:23","modified_gmt":"2022-11-23T09:31:23","slug":"vn30-fell-deeply-trillions-of-dong-of-foreign-capital-massively-caught-the-bottom-through-etfs","status":"publish","type":"post","link":"https:\/\/pacificcapital.vn\/en\/vn30-fell-deeply-trillions-of-dong-of-foreign-capital-massively-caught-the-bottom-through-etfs\/","title":{"rendered":"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs"},"content":{"rendered":"\n<h2>VN30-based reference funds or index baskets with similar components such as the DCVFM VN30 ETF or the Fubon FTSE Vietnam ETF are attracting money recently.<\/h2>\n\n\n\n<p>After a positive recovery at the end of last week, the stock market corrected with selling pressure weighing on large-cap stocks.&nbsp;VN30 lost a lot of points after the first 2 sessions of the week while VN-Index only decreased slightly below 1% each session.&nbsp;This makes VN30&#8217;s performance worse and worse than VN-Index.<\/p>\n\n\n\n<p>Since the beginning of the year, VN30 has decreased by more than 38.4% while VN-Index also only decreased by 36.45%.&nbsp;This is a pity when VN30 is representative of 30 typical stocks, leading in the industry and being evaluated with high quality.&nbsp;Usually in turbulent periods, the group of stocks holding stocks is expected to carry the burden of the market.&nbsp;However, many VN30 stocks recently became a burden on the index.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-5-1669164872565873198723.jpg\"><img src=\"https:\/\/cafefcdn.com\/thumb_w\/640\/203337114487263232\/2022\/11\/23\/photo-5-1669164872565873198723.jpg\" alt=\"VN30 dropped deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 1.\" title=\"VN30 dropped deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 1.\"\/><\/a><\/figure>\n\n\n\n<p>In the context of the market continuously falling deeply, especially the large-cap group, foreign investors did not hesitate to spend money to catch the bottom.&nbsp;Since the beginning of November, foreign investors have net bought more than 8,000 billion dong on HoSE, thereby pulling the net buying value from the beginning of the year to approximately 6,000 billion dong.&nbsp;Cash flow into the market was mainly through the ETF channel besides the return of disbursement of some active foreign funds such as Dragon Capital, Vina Capital,&#8230;<\/p>\n\n\n\n<p>With the above trend, the DCVFM VN30 ETF suddenly became a bright spot with strong net withdrawal after a period of continuous capital withdrawal for 4 consecutive months (June-September).&nbsp;Since the beginning of November, this ETF has netted more than 600 billion dong, thereby bringing the total value of cash inflow from the beginning of October to now to nearly 1,200 billion dong.&nbsp;This figure is much better than the withdrawal value of nearly 1,900 billion VND in the first 9 months of the year.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-4-16691648711262016971717.png\"><img src=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-4-16691648711262016971717.png\" alt=\"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 2.\" title=\"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 2.\"\/><\/a><\/figure>\n\n\n\n<p>Most likely, capital inflows into the VN30 ETF still come mainly from Thailand via the certificate of depository (DR) channel.&nbsp;In the previous October, the amount of DR E1VFVN30 based on VN30 ETF fund certificates issued by Bualuang Securities increased by 22.3 million units, to 202.8 million units.&nbsp;The conversion ratio is 1:1 which means that Thai investors are indirectly holding 202.8 million E1VFVN30 certificates, a record number since this DR was launched in 2018.<\/p>\n\n\n\n<p>DCVFM VN30 ETF is currently the largest exchange-traded fund simulating the VN30 index with a net asset value (NAV) of more than VND6,600 billion.&nbsp;The fund aims to simulate as closely as possible the movements of the VN30 index (30 companies with the highest market capitalization and liquidity at HoSE) after deducting operating expenses.&nbsp;Therefore, the strong accumulation of VN30 ETF fund certificates shows that Thai investors highly appreciate the growth potential of Vietnamese securities.<a href=\"http:\/\/adx.admicro.vn\/?utm_source=Admicro&amp;utm_medium=cafef-vn.translate.goog&amp;utm_campaign=adxzone\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-3-16691648694812034167303.jpg\"><img src=\"https:\/\/cafefcdn.com\/thumb_w\/640\/203337114487263232\/2022\/11\/23\/photo-3-16691648694812034167303.jpg\" alt=\"VN30 dropped deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 3.\" title=\"VN30 dropped deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 3.\"\/><\/a><\/figure>\n\n\n\n<p>Not only Thailand, capital flows from East Asia have also massively flowed into Vietnam&#8217;s stock market over the past time.&nbsp;Despite slowing down for about a week, the Fubon ETF still attracted more than 106 million USD (~ 2,500 billion VND) since the beginning of November, a record number since the fund invested in Vietnam in March 2021. .&nbsp;This is also the only ETF that has not been withdrawn in a month since the beginning of the year with a total cash flow value of up to 436.4 million USD (~ 10,300 billion VND).<\/p>\n\n\n\n<p>This move shows that capital flows from East Asia highly appreciate the growth potential of Vietnamese stocks.&nbsp;This was once shared by Yang Yining, investment director of Fubon Vietnam ETF,&nbsp;<em>\u201cVietnam now is like Taiwan in the 1980s. You cannot participate in investing in Taiwan 40 years ago, but you can earn profit from Vietnam&#8217;s economic reforms by investing in the Fubon Vietnam ETF\u201d<\/em>&nbsp;.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-2-16691648681781008882702.png\"><img src=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-2-16691648681781008882702.png\" alt=\"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 4.\" title=\"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 4.\"\/><\/a><\/figure>\n\n\n\n<p>Fubon ETF currently 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).&nbsp;Basically, the composition of the fund&#8217;s portfolio consists mostly of stocks in the VN30 group along with a few other names with a small proportion.<\/p>\n\n\n\n<p>As of 11\/22, the net asset value of Fubon ETF reached 16.9 billion TWD (~$540 million) of which the stock portfolio accounted for 99.2%.&nbsp;The top 10 largest investments in the portfolio accounted for 76.4% of the fund&#8217;s NAV, in which Vingroup&#8217;s VIC led with a weight of 13.08%.&nbsp;Following in turn are VNM, MSN, VHM, HPG, VRE,&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-1-1669164866502930052472.png\"><img src=\"https:\/\/cafefcdn.com\/203337114487263232\/2022\/11\/23\/photo-1-1669164866502930052472.png\" alt=\"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 5.\" title=\"VN30 fell deeply, trillions of dong of foreign capital massively caught the bottom through ETFs - Photo 5.\"\/><\/a><\/figure>\n\n\n\n<p class=\"has-text-align-right\">Ha Linh\/Market Lifestyle<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VN30-based reference funds or index baskets with similar components such as the DCVFM<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/posts\/1233"}],"collection":[{"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/comments?post=1233"}],"version-history":[{"count":1,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/posts\/1233\/revisions"}],"predecessor-version":[{"id":1234,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/posts\/1233\/revisions\/1234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/media\/851"}],"wp:attachment":[{"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/media?parent=1233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/categories?post=1233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pacificcapital.vn\/en\/wp-json\/wp\/v2\/tags?post=1233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}