FTSE has announced changes to the FTSE Vietnam Index. Photo: Internet
, a London-based provider of indexes, late on March 3 announced that it would add three tickers FLC Faros Construction (ROS), Hoa Binh Construction (HBC
) and Dat Xanh Real Estate Service & Construction (DXG) to its FTSE Vietnam Index in the first quarterly review of 2017.
FTSE will remove five other Vietnamese stocks namely KDC, PVT, PDR, HVG and HQC from the basket for calculation of the index.
FTSE Vietnam Index is the underlying index for db x-trackers FTSE Vietnam UCITS ETF, run by Deutsche Bank, one of the two most active foreign-run ETFs in Vietnam. The ETF had $250.06 million worth of total assets as of January 25, 2017.
The changes will be applied after the close of business on Friday, 17 March 2017 and will be effective on Monday, 20 March 2017, the firm said in a statement.
ROS and Hoang Huy Investment Financial Services (TCH) were added to the FTSE Vietnam All-Share Index while Hung Vuong JSC (HVG) and real estate developer HQC were deleted.
According to Saigon Securities (SSI) and BIDV Securities (BSC), FTSE Vietnam UCITs ETF would buy in between 4 - 4.7 million shares of ROS to refresh its holding.
Inc. on February 10 included ROS and brewer Sabeco (SAB) into the basket for calculation of the MSCI Frontier Markets Index.