Investors watch market fluctuations (Photo: VNA) Vietnam is Asia’s only stock market with non-stop capitalinjection over the last four week as it attracted more than 100 million USDlast month thanks to massive ETF inflows, outweighing the net capital withdrawalof around 23.5 million USD, said SSI’s February strategic stock market reportentitled “Co hoi trong bien dong” (Opportunity in volatility).
ETFs have also raked in about 129 million USD, or two thirdof the total inflows in 2020, mostly into VFM Diamond ETF (1.31 trillion VND or57.15 million USD) and VFM VN30 ETF (860 billion VND).
The market also experienced strong foreign buying in thelast three days of the month, raising foreign players’ net purchases of sharesin January to about 127 billion VND.
SSI stated that Vietnam has become a quite attractive marketlargely owing to the country’s successful containment of COVID-19, positiveeconomic growth and the fact that it remains a destination of the ongoing globalproduction shift.
Though the pandemic has been a key contributor to the marketvolatility during this period of time, capital injection from ETFs into Vietnamremains a positive driver of the stock market, SSI said, adding that this alsomeans increasing level of volatility.
According to the report, more than 81 billion USD was poured into stocks in both developed and emerging markets across the worrldlast month, also with the domination of the ETFs./.
VNA
