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MVIS Vietnam Local Index, the underlying index of the VanEck Vectors Vietnam ETF (VNM ETF), has announced its quarterly rebalance for Q1 2026. The rebalance adds three new constituents—MCH (Masan Consumer), VCK (VPS), and VPX (VPBankS)—and removes no stocks. As a result, the number of constituents increases to 55.
As of March 12, the VNM ETF’s portfolio size was more than USD 573 million (about VND 15,000 billion). The fund is estimated to buy MCH (USD 34.4 million, or 6.5 million shares), VCK (USD 14 million, or 11.7 million shares), and VPX (USD 6.9 million, or 5.9 million shares). In addition, the fund is expected to substantially raise its weight in VIX (USD 6.4 million, or 10.2 million shares).
Alongside the additions, the VNM ETF is expected to reduce weights in most stocks in its index. HPG is projected to be sold most heavily, at USD 4.6 million (about 4.5 million shares). Other stocks expected to be sold heavily include VCB, VNM, SSI, and MSN, with values above USD 3 million. Reductions for other constituents are expected to be smaller, at under USD 2 million.
Details of the VNM ETF's holdings in the Q1 2026 rebalance: [image].
The changes to components of the MVIS Vietnam Local Index will take effect after the close of trading on Friday, 27 March, and will begin trading on Monday, 30 March.
Separately, FTSE Russell added BSR and GAS to the FTSE Vietnam Index basket without removing any stock. For the FTSE Vietnam All-Share Index, it added BVH, GAS, SAB, TCX, and VPL, while removing FTS, HDG, HSG, OCB, REE, HVN, and CTR.
However, these FTSE changes are described as not meaningful at present because there are currently no funds benchmarked to the FTSE Vietnam Index. This follows Xtrackers FTSE Vietnam Swap UCITS ETF changing its name to Xtrackers Vietnam Swap UCITS ETF and shifting its base index to STOXX Vietnam Total Market Liquid since September 2025.
The Xtrackers Vietnam Swap UCITS ETF has assets exceeding GBP 350 million (about VND 12,000 billion). The STOXX Vietnam Total Market Liquid index is designed to measure the performance of highly liquid stocks on the Vietnamese stock market, with index review dates in March and September each year.
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