ETF Monitor – A NEW DIAMOND FOR VIETNAM’S STOCK MARKET

• ETF VFMVN DIAMOND will go IPO since 3 Mar 2020.
• Assuming that VFM will raise the capital of VFMVN Diamond ETF to VND1,000bn (~US$42.5m), below is our estimation on the value size of each components and required days to buy.
• VPB, FPT and MWG will enjoy the top 3 biggest stock weight with 15.3%, 14.7% and 14.0%, respectively.
• We observed that VN DIAMOND index outperformed since Nov 2019.

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