ETF to add more shares to portfolios

Exchange-traded fund FTSE late last week announced new portfolios, effective December 23, which added PetroVietnam Transportation (PVT) into the FTSE Viet Nam Index and food processor Hung Vuong (HVG) to the FTSE Viet Nam All-share.

Foreign ownership in PVT is currently only 3 per cent, while the permitted amount is 49 per cent. Maybank KimEng Securities predicted FTSE would purchase some 8 million PVT shares and reduce the proportion of existing stocks.

The upcoming list of FTSE Viet Nam Index and FTSE Viet Nam all-share will consist of 22 and 36 stocks, respectively.

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