First Taiwanese exchange-traded fund to list in Vietnam
First Taiwanese exchange-traded fund to list in Vietnam
Exchange-traded fund Fubon FTSE Vietnam has become the first of its kind from Taiwan to be approved for listing in Vietnam.
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
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To list on March 24, it will track the FTSE Vietnam 30 Index comprising the 30 largest companies by market cap.
Steelmaker Hoa Phat Group has a 13.97 percent weightage in the index followed conglomerate Masan Group and real estate giant Vinhomes.
Fubon FTSE Vietnam expects these companies to have higher return on equity and dividend yields than those on the VN-Index in 2021-23.
Yang Ying, its chairman, said Vietnam was chosen for its rapid growth. The government targets 6.6–7 percent GDP growth in the next five years, among the fastest in ASEAN, and reaching per capita income of $4,700-5,000 at the end of the period.
