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KINDEX Vietnam attracts Korean investors

Jul 20th at 11:09
20-07-2016 11:09:28+07:00

KINDEX Vietnam attracts Korean investors

KINDEX Vietnam VN30 ETF attracted much attention from Korean investors two weeks after being listed on the Korean Stock Exchange (KRX), according to the HCM City Securities Exchange (HoSE).

 

KINDEX (245710KS) was among the certificates with most trading volume on KRX. On July 14, it rose 4.87 per cent to reach KRW10,450.

KINDEX Vietnam ETF simulates VN30, and is managed by HoSE through an investment swap mechanism. VN30 was calculated from the price index of 30 leading capitalisations and liquidity on HoSE.

The southern bourse said it was the first time a local fund certificate was listed on a foreign bourse, adding that the attention of Korean investors has confirmed the position of the VN30 in the international market.

HoSE expected to list more ETFs certificates in the overseas markets in the future.

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