ETFs Tracking Vietnam See $23.16 Million in Weekly Net Outflows
From November 2 to 6, ETFs tracking the Vietnamese market recorded net outflows of $23.16 million, as Southeast Asian ETF flows also turned negative. Meanwhile, ETFs investing in the U.S. attracted $53.97 billion in net inflows, including $40.54 billion for U.S. equity ETFs, despite a decline in U.S. stocks that week.
From November 2 to 6, ETFs tracking the Vietnamese market recorded net outflows of $23.16 million. Over the same period, ETFs investing in the U.S. attracted net inflows of $53.97 billion, up 20.3% from the previous week; U.S. equity ETFs accounted for $40.54 billion, up 67.8%. The inflows increased even as U.S. stocks fell that week, with the Nasdaq down 3.37% and the S&P 500 down 2.68%.
Southeast Asian ETF flows turned to net outflows, mainly due to $208.24 million in net outflows from ETFs linked to the Singapore market. ETFs linked to the Malaysian and Indonesian markets recorded net inflows of $22.22 million and $9.08 million, respectively. ETFs linked to the Vietnamese market recorded net outflows.
Inflows into U.S. equity ETFs increased, while ETFs linked to the Vietnamese market recorded net outflows.（VietVance）
Among ETFs investing in Vietnam, VanEck recorded net outflows of $15.53 million, FUEKIV30 $4.12 million and Fubon FTSE $3.30 million. E1VFVN30 and FUEVFVND recorded net inflows of $1.29 million and $590,000, respectively. Since the start of the year, Fubon FTSE has recorded cumulative net outflows of $133.39 million, the highest among the funds listed here.
In Vietnam’s stock market, foreign investors sold a net VND 870 billion during the week, down 67.7% from the previous week. Selling was concentrated in MBB, VCB and ACB, with net sales of VND 651 billion, VND 588 billion and VND 280 billion, respectively; foreign investors were net buyers of VIX, MSN and HPG.
Source: VietVance
