FTSE Russell names 27 Vietnamese stocks in review

FTSE Russell names 27 Vietnamese stocks in review

FTSE Russell has added 27 Vietnamese stocks to its global equity indices, marking a major milestone as Vietnam prepares to transition to emerging market status in September.

The stocks were added to the FTSE Global Equity Index Series, spanning large, mid, and small-cap segments.

On August 21, FTSE Russell announced the results of its semi-annual review of the series, which covers the Asia-Pacific region.

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Three Vietnamese stocks were classified as large cap – VCB (Vietcombank), VIC (Vingroup), and VHM (Vinhomes). In the mid-cap segment, the three stocks added were BID (BIDV), VPB (VPBank), and HPG (Hoa Phat).

The same six stocks were also added to the FTSE All-World Index, one of the major global equity indices focusing on large- and mid-cap stocks. The index tracks thousands of stocks across developed and emerging markets worldwide and serves as a benchmark for numerous investment funds.

In the small-cap segment, 21 stocks were added to the index. Notable names across various sectors include FPT, Gelex, HDBank, Masan Group, Novaland, SSI Securities, Techcom Securities, and Vinamilk, among others.

The list also includes the micro-cap segment, which features 90 Vietnamese stocks.

According to FTSE's announcement, the changes will take effect after the close of trading on Friday, September 18, meaning they will be effective from the following Monday.

The index provider also noted that the changes listed in the index review may continue to be adjusted through the close of trading on September 4. From September 7, the changes resulting from the index review will be considered final.

After that point, any further changes will generally be considered only in exceptional circumstances, in accordance with FTSE Russell's policies and guidelines governing index recalculations.

This is a special review ahead of Vietnam moving from frontier market status to secondary emerging market status under FTSE Russell, effective September 21.

VIR