Vietnamese stocks preparing for inclusion in FTSE global indices demonstrate significant differences in how institutional investors allocate their positions. Among the 27 companies set to gain secondary emerging-market status, HPG stands out as the most closely watched by funds. As of the latest data, funds held 382 million shares, equivalent to 4.52% of its total outstanding stock, valued at over VND8.4 trillion ($325.7 million). Although its share count dropped by nearly 139.8 million since late July, the decline remains the largest among the group.
The distribution of ownership varies widely across the sector. FPT appears in the highest number of fund portfolios at 62, while VCB and VPB each feature in 60. MSN, HDB, and SSI follow with 55, 49, and 49 funds each. When measured by share proportion, FPT leads at 5.44%, followed by STB (4.53%), HPG (4.52%), and VCI (4.48%).
Several stocks experienced notable shifts in fund holdings since late July. SSI saw the largest increase, adding nearly 18.8 million shares, while VHM and MSB also recorded gains. These adjustments align with FTSE Russell’s upcoming rebalancing on September 21, when Vietnam’s 27 stocks will be incorporated into the FTSE Global All Cap Index as part of their transition from frontier to secondary emerging-market classification. The move reflects rising global investor interest, though the depth of ownership remains uneven across the group.