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| FTSE Vietnam ETF Chart on Monday July 15th 2014 |
On Friday July 4th 2014, The first Vietnam domestic ETF-VN30 has received the registration certificate from the State Securities Commission of Vietnam
The VN30 ETF will be managed by VFM, a joint hedge fund between Ho Chi Minh Securities Corporation (HSC) and Bao Viet Securities Company (BVSC), will debut between July 21 and Aug. 14. Standard Charter will be auditor and the Fund account will have at least $3,000,000 USD.
The VN30 ETF will track the 30 largest and most liquid companies listed on the Ho Chi Minh Stock Exchange. Those 30 companies represent about 60% of the exchange’s market value, which is well above the market value tracked by two offshore ETFs that hold Vietnamese shares.
The ETF could be seen as the latest sign that Vietnamese policymakers are warming to the idea of making financial markets there more accessible to foreign investors, who think Vietnam will be the frontier of possibly rapid growth for the ETF industry.
Currently, global investors can access Vietnamese equities with the Market Vectors Vietnam ETF (VNM), which is almost five years old and has $567.4 million in assets under management. VNM features exposure to 35% of the market value of Ho Chi Minh-listed firms.
Foreign Investor can also trade Vietnam Stocks with the FTSE Vietnam ETF CFD.