The largest domestic ETF in the market, VFMVN30 ETF, attracted capital of $2.8 million in the second half of July. — Photo viettimes.vn Despite the COVID-19 resurgence, exchange-traded funds (ETFs) still attracted hundreds of billions of dong in the second half of July. The Viet Nam’s stock market has faced a gloomy period since the resurgence of community COVID-19 transmission in Da Nang City on July 24. The VN-Index has fallen sharply from 870 points to below 800 points, equivalent to a decline of more than 8 per cent in just half a month. Still, the major ETFs on the market such as Vaneck Vectors Vietnam ETF (VNM ETF), FTSE Vietnam ETF, VFMVN30 ETF, VFMVN Diamond ETF and SSIAM VNFin Lead ETF drew nearly VND500 billion (U$21.3 million). VNM ETF attracted $9.16 million. The proportion of Vietnamese stocks currently accounts for about 70 per cent of VNM ETF’s portfolio, so it is estimated that the fund net bought $6.4 million of Vietnamese stocks over the past two weeks. FTSE Vietnam ETF also lured $2.8 million in the second half of July. This fund drew $6.3 million in the whole month. The largest domestic ETF in the market, VFMVN30 ETF, also… Read full this story
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