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S&P's launches S&P Vietnam 10 Index(09/22/2008)

HONG KONG: Standard & Poor’s has launched 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
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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.

Source: http://economictimes.indiatimes.com/Markets/articleshow/3502389.cms

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