An Phat Holdings Added To FTSE Vietnam Index
In its quarterly review of the FTSE Vietnam index Series, index compiler FTSE Russell confirmed that An Phat Holdings will be added to the FTSE Vietnam Index before the end of the month.
An Phat Holdings (Symbol: APH) will be included in the FTSE Vietnam Index before the end of the year and will join the existing 18 stocks in the index. As of the 30th September 2020, the largest constituents in the Index are Vietnam Dairy Products (15.7%), Vingroup JSC (14.62%) and Vinhomes (14.17%). There is no indication of what APH’s weighting will be.
There we no exclusions from the FTSE Vietnam Index.
There were also a few changes to the FTSE Vietnam All-Share Index. Three companies enter: Tien Phong Commercial, An Phat Holdings and Hoa Sen Group; while Viglacera, which was added to the FTSE Vietnam All-Share index in the September 2020 Review, will be removed. As a result of this, the total number of constituents in the Index will increase from 45 to 47.
Vietnam still remains on FTSE’s Watch List for a potential upgrade from Frontier Market to Emerging Market, despite missing out earlier this year on the promotion. Market officials in the country are currently taking steps towards improving the chances of an upgrade in the September 2021 Country Classification Review and it remains to be seen whether or not these changes will have a significant effect.
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