Surely many investors are still surprised or have never heard of indices such as Vn-Diamond index (Vn-FOL index) or Vn capped financial index (Vn-finance), because these are two new sets of indices. is being built and prepared for launch by Ho Chi Minh Stock Exchange. The good news for shareholders of F.I.T Group is that FIT shares have been on the watchlist of one of these two indices (Vn-Finance index).
Along with the rapid change in the financial sector, Vietnam stock market is growing more and more with the advent of more and more new products such as index futures contracts or warrants. Even the underlying market has evolved a lot with the introduction of index funds and fund certificates. Especially in recent years, the increase of ETFs has brought great excitement and is partly a driving force for Vietnam’s stock market.
Besides, one of the very clear guidelines of the Vietnamese government is to bring Vietnam’s stock market more and more developed, along with removing difficulties for foreign investors such as: limiting to foreign room, so that Vietnam’s stock market will soon be upgraded. The project of launching two indexes, Vn-FOL index and Vn-Finance, is the products that show that determination of Vietnam.
While Vn-FOL Index is a set of indicators including businesses that have nearly closed foreign room (Foreign owner ship limited), Vn-Finance focuses on businesses with reputable activities in the financial fields (securities. , banking and insurance) selected from Vn-Allshare stocks and sub-sectors according to GICs international standards.
List of 19 stocks in above table of Vn-Finance index. This index will be reviewed once a quarter with initial estimates of 13 official codes and 6 codes in the watchlist.
At present, Vietnam Fund Management Joint Stock Company (VFM) is raising capital for two index investment funds based on two indexes, Vn-FOL index and Vn-Finance. VFM is known for the successful development of the VFMVN30 ETF swap fund. After only a short time, NAV of VFMVN30 has reached over 6000 billion with code E1VFVN30.
The above results are a very positive thing showing the objective evaluation of organizations on listed companies including FIT. This also shows the high rating of organizations about the attractiveness of the stock valuation of businesses in the index basket. This is also the motivation for all F.I.T Group’s employees to make more efforts to make F.I.T more developed and more reputable, as well as soon to enter the official list of Vn-Finance.
