Vietnam ETF Rebalancing Expected to Boost Holdings of GMD, REE and VJC
Yuanta estimates that 11 ETFs tracking three Vietnamese stock indexes will rebalance in November. With combined assets of about VND 19.958 trillion, they are expected to make net purchases and net sales of about VND 949 billion each. GMD, REE and VJC are expected to see substantial net buying, while some stocks face selling pressure.
ETFs tracking Vietnam’s VN-Diamond, VN30 and VN-FinLead indexes are expected to rebalance in November 2026. Yuanta estimates that the 11 funds involved have combined assets of about VND 19.958 trillion, with expected net purchases and net sales of about VND 949 billion each. Changes to fund holdings could affect short-term supply and demand for some stocks.
Vietnam’s ETF rebalancing is expected to bring substantial net buying of GMD, REE and VJC.（VietVance）
VN-Diamond is expected to see the largest trading volume, with net purchases and net sales of about VND 734 billion each. The index will have 17 constituents after the review: KDH will be removed, with no new stock added. GMD is expected to see net buying of about VND 360 billion, and its index weight is projected to rise from 11.3% to 14.7%. REE is expected to see net buying of about VND 152 billion, equivalent to 10.8 days of its average trading volume. NLG, CTD and PNJ are also expected to see net buying.
VN30 will retain its 30 constituents, but weight adjustments are expected to generate about VND 207 billion in transactions on each side. VJC is expected to see net buying of about VND 111 billion, with its weight rising from 3.2% to 4.5%; its free-float ratio has been adjusted from 35% to 50%. VIC is expected to see net selling of about VND 129 billion, with its weight falling from 11.3% to 9.8%.
VN-FinLead will retain its 24 constituents, with expected transactions of about VND 27 billion on each side. HDB is expected to see net buying of about VND 8 billion, while VPB is expected to see net selling of about VND 13 billion. Across the funds’ trading forecasts, GMD, REE and VJC rank highest for expected net buying; ACB, MSB, FPT and VIC face substantial expected net selling pressure.
The expected trading volumes also differ relative to normal activity: projected purchases of GMD equal 3.5 days of average trading volume, and those of NLG equal three days; projected sales of MSB equal 1.1 days. Actual trading and its effect on share prices will still depend on how the funds execute their trades and on market liquidity.
Source: VietVance
