Saturday, August 13, 2022 1:45:29 AM - Markets open
VN-INDEX 1,262.33 +10.26/+0.82%
HNX-INDEX 303.42 +3.24/+1.08%
UPCOM-INDEX 92.84 +0.12/+0.13%
Big ETFs post negative growth in Q1
https://vietnamnews.vn - 4/12/2022 2:37:49 PM
 (0 ratings. You must sign in to rate.)
Individual investors and professional organisations faced many difficulties with the market's unfavourable movements in the first quarter.
 
The stock market has just closed the first quarter in which it saw strong fluctuations. 
 
The new year started smoothly, with the VN-Index surpassing the 1,500 point level and reaching a historic peak of 1,534 points. But the impact of the Russia-Ukraine conflict and the US Federal Reserve’s rate hike meant the market could not keep the upward momentum and fell to nearly 1,420 points.
 
At the end of the first quarter, the market benchmark stood at 1,492.15 points, a slight decrease of 0.41 per cent compared to the end of 2021.
 
Meanwhile, the VN30-Index, which tracks the 30 biggest stocks on the Hồ Chí Minh Stock Exchange (HoSE), finished last quarter at 1,508.53 points, a decline of 1.77 per cent.
 
Individual investors and professional organisations faced many difficulties. Statistics of large funds in the market showed that most recorded negative growth during the period, and some even experienced worse performance than the general market.
 
Among the list, the duo of long-time foreign exchange-traded funds (ETFs) in Việt Nam - Vaneck Vectors Vietnam ETF (VNM ETF) and FTSE Vietnam ETF - had a poor performance in the first quarter, negative 9.55 per cent and negative 8.93 per cent, respectively.
 
Premia MSCI Vietnam ETF followed it with a performance of negative 7.88 per cent, followed by JPMorgan Vietnam Opportunities Fund (negative 4.63 per cent), and the Taiwan (China) Fubon FTSE Vietnam ETF (negative 3.85 per cent).
 
The foreign funds reported relatively poor performance in the first quarter due to their large Vingroup (VIC) and Vinamilk (VNM) holdings.
 
Meanwhile, foreign funds with more initiative, such as Pyn Elite Fund, LionGlobal Vietnam Fund, and Vietnam Equity Fund, witnessed better performance with a decrease of only 1.69 per cent, 0.57 per cent and 0.5 per cent, respectively, because their portfolio does not hold VIC or VNM stock.
 
ETF funds generally did not show good performance in the first quarter. Most had negative growth as with VN30 index funds, VN100, and VN50 index funds.
 
The fund with the best performance in the market during the period was the DCVFM VNDiamond ETF, with its portfolio growing by 7.5 per cent. 
 
Since its establishment in 2020, DCVFM VNDiamond ETF is regularly at the top of the top growth indices. With a portfolio of blue-chip stocks that run out of foreign ownership ratios, such as FPT Corporation (FPT), Mobile World Investment Corporation (MWG), Phú Nhuận Jewelry JSC (PNJ) and MBBank (MBB), the fund outperformed other funds in the market. Currently, the portfolio size of DCVFM VNDiamond ETF is about VNĐ15 trillion (US$656.6 million).
 
KIM Vietnam Growth Securities Master Investment Trust (KIM Vietnam Korea), with a scale of up to $693 million, also outperformed the market with its net asset value (NAV)/shares growth of 2.81 per cent in the first quarter.
 
The holding of a large proportion of stocks like Techcombank (TCB), MBB, MWG and FPT positively impacted the fund’s portfolio.
 
VEIL Dragon Capital, the largest foreign fund in Việt Nam, with a portfolio of $2.6 billion, also outperformed the market with a growth of 0.49 per cent.
 
In general, the unfavourable movements of the market in the first quarter of 2022 have caused most investment funds to perform poorly.
 
The difference among funds mainly comes from holding VIC and VNM. Meanwhile, funds holding many blue chips such as MWG, FPT, VPBank (VPB), PNJ and MBB had a more positive performance. —
 
Newer News
09/08 Investors' risk appetite continues to improve this week
09/08 Shares open the week higher on banking sector
09/08 New securities accounts hit near two-year low in July
01/08 Shares to move up after testing supply and demand
27/07 Vietnamese shares fall as large-caps drag
25/07 Investors to find opportunities in individual stocks: experts
19/07 VN-Index falls for second day in a row
15/07 Shares post gains on the back of securities stocks
09/07 SSC eyes prompt detection of suspicious transactions
07/07 Shares pierce May-bottom on weak investor sentiment
Older News
07/04 VN-Index bounces back on growth of bank stocks
04/04 Market expected to inch higher this week
31/03 Government orders more measures to stabilise stock market
29/03 Cement company shares skyrocket to historic highs
21/03 Market continues to recover with VN-Index heading to 1,470 points
11/03 Pharmaceutical stocks remain attractive in 2022 on strong medicine demand
03/03 Real estate, securities markets expected to continue to grow in 2022
02/03 Large-cap recovery boosts VN-Index close to 1,500 points
28/02 Investors show sentimental value in stocks
28/02 Shares to move sideways before returning to uptrend
 
Newsletter Signup
Top Stories
REE: HSBC arranges VND900 billion bilateral green loan to REE Corporation
Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
Shares to move up after testing supply and demand
Việt Nam in the headwinds of global rate hikes and inflation
Shares pierce May-bottom on weak investor sentiment
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,262.33 +10.26/+0.82%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.