Index provides investors with tradable exposure to the Vietnam equity markets
HONG KONG, Sept. 19 /PRNewswire/ -- Standard & Poor's, the world's leading index provider, today announced the launch of the S&P Vietnam 10 Index to provide global investors with tradable exposure to the largest and most liquid companies in Vietnam.
The S&P Vietnam 10 Index comprises 10 leading Vietnamese companies that meet size, liquidity, tradability and foreign ownership requirements. Robin Lo, Senior Director, Standard & Poor's Index Services said: "The index will provide international investors with access and tradable exposure to the Vietnamese equity markets. The S&P Vietnam 10 Index is designed to account for foreign investment restrictions and global investors' requirements of high liquidity and accessibility."
Sectors represented in the S&P Vietnam Index include Consumer Discretionary, Energy, Financials, Industrials, Information Technology, Materials and Utilities. The top five holdings include FPT Corp, Petroleum Technical Services Corporation, PetroVietnam Drilling & Well, PetroVietnam Fert & Chemicals and PetroVietnam Insurance JSC.
To be eligible for inclusion in the S&P Vietnam Index, companies must have a float-adjusted market capitalization above US$ 50 million and a three-month average daily trading value above US$ 250 thousand. Each eligible stock must trade on the local Vietnam exchanges. Constituent weights are driven by liquidity, with no single stock having a weight of more than 15% in the index at reconstitution. The index is rebalanced quarterly to reflect current liquidity and foreign investment restrictions. Availability of shares for foreign investors is reviewed on a monthly basis.
For more information on Standard & Poor's global indices, including methodology, please visit: www.standardandpoors.com/indices.
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.
SOURCE Standard & Poor's
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