June 03, 2021

Fubon Asset Management selects FTSE Vietnam 30 for major ETF listing

  • FTSE Russell provides the index for the Fubon FTSE Vietnam ETF, the first ETF to list on the Taiwan Stock Exchange with a focus on Vietnamese stocks
  • Recent performance of Vietnam’s equity market has driven investor demand for the ETF
  • The launch takes the total number of Fubon Asset Management ETFs tracking a FTSE Russell index to 11

FTSE Russell, a leading global index, data and analytics provider, has been selected by Fubon Asset Management as the index provider of choice for the Fubon FTSE Vietnam ETF. The fund tracks the FTSE Vietnam 30 Index which comprises of the largest 30 Vietnam companies by market capitalisation that are traded on the Ho Chi Minh Stock Exchange.

Having started trading on the Taiwan Stock Exchange on 19 April 2021, capital tracking the Fubon FTSE Vietnam ETF has now reached USD358M in its first month of trading.

FTSE Russell has a long-standing relationship with Fubon, providing indexes for 11 Fubon ETFs which are tracked by USD2.29bn. The recent performance of Vietnam’s equity markets has driven investor demand for exposure to stocks listed on the Ho Chi Minh Stock Exchange.

Vietnam is currently on FTSE Russell’s Watchlist for potential promotion to emerging market status at the upcoming September 2021 annual review.

FTSE Russell has served as the index provider for 16 new Exchange Traded Products (ETPs) across Asia in 2020, ranging from money market ETFs to equity and fixed income and products, with seven products launched so far in 2021.

Evan Ong, Managing Director, Asia ETPs and Listed Derivatives Strategy, FTSE Russell comments:
“Having worked closely with our long-term customer, Fubon Asset Management, on this launch, we are thrilled to see such a positive response from investors with strong inflows since the start of trading. Vietnam has stood out as a growing market with its young population and growing equity market. The ETF is the latest product of FTSE Russell’s close collaboration with Fubon Asset Management and provides investors in the region with greater choice to access investment opportunities."

Cindy Yang, Fund Manager, Quantitative and Index Investment Dept., Fubon Asset Management Co., Ltd. Comments:
“We are pleased to see such strong investor demand for pure exposure to Vietnam’s equity market. The Fubon FTSE Vietnam ETF is the first product to offer dedicated coverage of this market on the Taiwan Stock Exchange and represents the latest example of collaboration with FTSE Russell. The index, data and analytics provider gives us access to a wide range of robust and transparent multi-asset indexes on a global basis, offering a great platform on which to build our ETP offering for the Asia market.”

To find out more, please visit: https://www.ftserussell.com/products/indices/fivnm30

Oliver Mann/Lucie Holloway
+44 (0)20 7797 1222

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