ETFs report strongest monthly net withdrawal value in August

HÀ NỘI — The exchange-traded funds (ETFs) investing in Vietnamese stocks recorded a net withdrawal of nearly VNĐ4.5 trillion in August 2023, the strongest monthly net withdrawal value in more than two years, according to data from FiinGroup. Net withdrawal activity was recorded in both domestic and foreign ETFs. With foreign investors, this group boosted their net selling with a net value of VNĐ2.55 trillion in August 2023. In addition, they also net sold the banking industry such as VPBank (VPB), Vietcombank (VCB), Sacombank (STB) and Liên Việt Post Bank (LPB). Individual investors net bought VNĐ3.38 trillion on HOSE in August, of which net buying through order matching was VNĐ4.37 trillion.