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Exchange traded funds see record buying

By Dat Nguyen   May 10, 2021 | 06:54 pm PT
Exchange traded funds see record buying
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Exchange traded funds attracted VND8.7 trillion ($377 million) in April, a new monthly high, making Vietnam an investment bright spot in Asia.

A single investor, Taiwanese fund Fubon FTSE Vietnam, accounted for VND7.8 trillion, according to a note by leading brokerage SSI Securities Corporation.

Fubon is now the fifth largest investor in ETFs in Vietnam with a total of VND8.2 trillion.

Other notable buyers in April were VFM VNDiamond with VND612 billion, VanEck Vectors Vietnam (VND196 billion) and SSIAM FINLead (VND180 billion).

In the first four months, ETFs attracted VND13.2 trillion.

Foreign investors ended a streak of six straight months of selling with net buying worth VND273 billion last month, with real estate giant Vinhomes’ VHM share being a major contributor.

The VN-Index has gained over 14 percent this year, touching several new peaks in April as the number of new domestic trading accounts tripling year-on-year during the month to almost 110,000.

 
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