Vanguard commits $2.5 billion to Vietnam after market’s emerging‑market upgrade

Vanguard plans to invest $2.5 billion in Vietnam stocks within a year, Vanguard’s head of Investments and Global Equity for Asia‑Pacific, Duncan Burns, said at a Friday event.

Vietnam’s stock market will be upgraded to “emerging” status under FTSE Russell standards on Sept. 21, giving Vietnamese equities greater chances to attract international capital.

FTSE added 27 Vietnamese stocks to its emerging‑market index basket: three large‑cap (Vietcombank, Vingroup, Vinhomes), three mid‑cap (BIDV, Hoa Phat Group, VPBank) and 21 small‑cap shares.

Burns explained that markets included in major benchmark indices usually gain higher visibility, which draws more investors and opens access to global capital.

Vanguard is the world’s second‑largest asset manager, overseeing about $13 trillion for more than 60 million investors worldwide.

SSI Research estimates that Vanguard funds tracking the FTSE Global Equity Index Series could make net purchases of roughly $240.5 million across the 27 Vietnamese stocks over the next year.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Vanguard commits $2.5 billion to Vietnam after market’s emerging‑market upgrade

Vanguard commits $2.5 billion to Vietnam after market’s emerging‑market upgrade

Pratique d'écoute