Which of 27 Vietnamese stocks set to join FTSE global indices are most widely held by funds?

In total, these funds held more than 382 million HPG shares, equivalent to 4.52 percent of the company’s outstanding shares and worth over VND8.4 trillion (US$325.7 million).

FPT ranked second, with 62 funds holding the stock.

Lenders VCB and VPB each appeared in the portfolios of 60 funds, followed by consumer goods firm MSN with 55 funds.

HDB and SSI were each held by 49 funds, while VHM was held by 48, dairy firm VNM by 47, STB by 45, and BID by 43 funds.

In the next group, VIC of Vingroup was held by 39 funds, VCI by 37, TCX by 36, and VRE by 35.

Airline VJC was held by 19 funds, VPL by 14, NVL by 13, while SSB and VCK were each held by 10 funds.

Measured by the proportion of outstanding shares held by investment funds, FPT ranked first at 5.44 percent, followed by STB at 4.53 percent, HPG at 4.52 percent, and VCI at 4.48 percent.

Notably, although VCB appeared in the portfolios of 60 funds, the total number of shares held by those funds represented just 0.89 percent of the bank’s outstanding shares.

The corresponding figures were 0.86 percent for VHM, 0.53 percent for BID, and 0.40 percent for VIC.

Compared with the end of July, the volume of shares held by funds increased for 12 of the 27 stocks.

SSI recorded the sharpest increase, at nearly 18.8 million shares, followed by VIX with more than 10.2 million, VHM with around 8.2 million, and MSB with nearly 6.3 million shares.

Conversely, fund holdings declined in 15 stocks.

HPG posted the steepest decline, falling by nearly 139.8 million shares from the end of July, although it remained the stock held by the largest number of funds.

These changes came just ahead of the September portfolio rebalancing, when the 27 Vietnamese stocks will be included in the FTSE Global All Cap Index as part of FTSE Russell’s roadmap for upgrading Vietnam to secondary emerging market status.

Starting September 21, Vietnam will officially move from frontier-market status to secondary emerging-market status under the FTSE Russell classification.

At the same time, 27 Vietnamese stocks will be added to FTSE’s global indices.