ETFs net attracts $130 million so far this year

Wednesday, Mar 03, 2021 08:12

Exchange-traded funds (ETFs) on Viet Nam's stock market have net attracted a total of US$130 million so far this year. — Photo cafef.vn

Exchange-traded funds (ETFs) on Viet Nam's stock market have attracted a net total of US$130 million so far this year.

Capital inflows into ETFs from the beginning of the year have made an important contribution to help offset the net selling from foreign investors, valued at more than VND2.7 trillion ($117.1 million).

Among the ETFs, VFMVN Diamond ETF attracted the largest capital since the beginning of the year with $113.7 million. With a current portfolio size of nearly VND9 trillion, VFMVN Diamond ETF has surpassed VFMVN30 ETF to become the largest domestic fund in the market.

Besides VFMVN Diamond ETF, the pair of foreign ETF funds VNM ETF and FTSE Vietnam ETF also attracted a total net value of about $30 million.

On the other side, KIM Kindex VN30 ETF saw a strong net recession of nearly $52 million, equivalent to VND1.2 trillion and was the only ETF witnessing net withdrawal in the first two months of the year.

In the last trading week of February, ETFs on Viet Nam's stock market saw strong net withdrawal.

VFMVN30 ETF was the fund seeing the strongest withdrawal, with VND345 billion.

Another ETF that also saw withdrawal was KIM Kindex VN30 ETF, with a value of $4.53 million in the past week.

In the opposite direction, VFMVN Diamond ETF net attracted VND112 billion in the past week. Besides, SSIAM VNFinLead ETF also net attracted VND7.6 billion, S&P Select Frontier ETF net attracted nearly $1 million. — VNS

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