iShares MSCI Frontier 100 ETF, which has some $600 million worth of assets under management, is likely to disburse another $27.8 million on buying Vietnamese shares after MSCI makes changes to its reference index.
After Pakistan’s stock market had its status upgraded by MSCI to Emerging market, the weight of Vietnamese stocks in the iShares MSCI Frontier 100 Index has been revised up to 12.63% from the earlier 8.01%, only after Argentina (20.42%) and Kuwait (19.67%).
In addition to six existing tickers namely Vinamilk (VNM), Vingroup (VIC), Masan (MSN), Hoa Phat (HPG), Vietcombank (VCB) and Sacombank (STB), nine others Vietnamese stocks will be added to the index including Saigon Securities (SSI), FLC Faros (ROS), Hoa Sen (HSG), Hoang Huy Investment Financial Services (TCH), Kinh Bac City (KBC), Novaland (NVL), PV Fertilizers (DPM), PV Technical Services (PVS) and Sabeco (SAB).
The following table shows changes to Vietnamese shares in the ETF, according to SSI Retail Research:
