After the August review, the proportion of Vietnamese stocks in the MSCI Frontier Markets Index increased to 18.48% Stock News

After the August review, the proportion of Vietnamese stocks in the MSCI Frontier Markets Index increased to 18.48% Stock News

Compared to the end of July, the proportion of Vietnamese stocks in the MSCI Frontier Markets Index basket increased by 0.56% (the proportion at the end of July was 17.92%).

According to MSCI, as of August 30, 2019, the proportion of Vietnamese stocks in the basket of MSCI Frontier Markets Index basket is 18.48%, ranked second after Kuwait with the proportion of 31.48%.

Compared to the end of July, the proportion of Vietnamese stocks in the MSCI Frontier Markets Index basket increased by 0.56% (the proportion at the end of July was 17.92%).

In the MSCI Frontier Markets Index, Vietnamese stocks accounted for the largest proportion of VIC with 4.27%, followed by VNM (3.1%), VHM (3.04%) ...

There are quite a lot of active funds with the scale of hundreds of millions of dollars that are using the MSCI Frontier Markets Index benchmark such as Templeton Frontier Markets Fund, Morgan Stanley Institutionam Fund, Magna Umbrella Fund, even Schroder International Selection Fund with the scale of 1 billion USD ... Therefore, the changes of the MSCI Frontier Markets Index basket will have a significant impact on capital flows into Vietnam market.

According to MSCI estimates, if Kuwait is upgraded to Emerging Markets in 2020, the proportion of Vietnamese stocks in the MSCI Frontier Markets Index will be up to 25.2%.

With the MSCI Frontier Markets 100 Index, the proportion of Vietnam shares on August 30 was only 14.42%, behind the Kuwait market with a proportion of 25.16%. Compared to the end of July, the proportion of Vietnamese stocks in this index basket has decreased by 0.47% (the proportion of 31/7 was 14.89%).

Among the funds using the MSCI Frontier Markets 100 Index benchmark, the most notable is the iShare MSCI Frontier 100 ETF with a portfolio size of $ 497 million, of which the value of Vietnam's stocks is about USD 71.6 million (VND 1,665 billion). copper).

There are 28 Vietnamese stocks in the iShare MSCI Frontier 100 ETF portfolio, including VIC, VNM, VHM, VRE, MSN, HPG, VJC, SAB, VCB, NVL, SSI, BID, POW, GAS, PVS, PLX, ROS, STB, GEX, BVH, KBC, VCI, TCH, VGC, SBT, VHC, PVD, DPM.

According to MSCI's assessment, when Kuwait is raised to Emerging Markets in 2020, the proportion of Vietnamese shares in the iShare MSCI Frontier 100 ETF portfolio will increase to 30%, more than double the current figure.