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BENCHMARK INDICES

STOXX Vietnam Total Market Liquid

Index Description

The STOXX Vietnam Total Market Liquid Index is designed to represent the performance of the Vietnamese stock market, while simultaneously controlling for liquidity and foreign ownership availability. The starting universe is the STOXX Vietnam Total Market Index. The indices are weighted according to the free float market capitalization, where the most liquid stocks are scaled by a factor of two. Weights are capped at 15%.

Key facts

  • The index represent the performance of the Vietnamese stock market.
  • Components are selected based on minimum liquidity and foreign ownership thresholds.
  • Ranking by previous 6-month turnover ratio.
  • Weighting by free float market cap, multiplied by the scaling factor.
  • Simple, transparent, fully rules-based index construction.

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Vietnam Total Market Liquid 45.2 21.9 0.8 0.6 3.3 0.1 15.0 0.4 N/A
STOXX Vietnam Total Market 198.4 98.6 0.6 0.2 6.9 0.0 7.0 0.0 N/A

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Vietnam Total Market Liquid 2.9 -4.1 -11.8 -34.2 13.9 N/A N/A -11.8 -13.0 2.6
STOXX Vietnam Total Market 3.6 13.2 5.6 -6.3 56.0 N/A N/A 5.7 -2.2 9.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Vietnam Total Market Liquid N/A N/A 23.4 24.5 24.2 N/A N/A -0.7 -0.5 0.1
STOXX Vietnam Total Market N/A N/A 19.3 21.9 22.3 N/A N/A 0.1 -0.2 0.4
Index to benchmark Correlation Tracking error (%)
STOXX Vietnam Total Market Liquid 1.0 1.0 1.0 1.0 1.0 6.5 6.0 6.9 7.6 6.9
Index to benchmark Beta Annualized information ratio
STOXX Vietnam Total Market Liquid 1.2 1.1 1.2 1.1 1.0 -1.0 -3.9 -2.6 -1.1 -0.8

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Gross Return), all data as of August 30, 2024

BENCHMARK INDICES

STOXX Vietnam Total Market Liquid

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX Vietnam Total Market Liquid 11.4 14.1 11.4 11.4 1.4 1.0 1.7 N/A
STOXX Vietnam Total Market 12.4 11.5 12.0 12.0 1.6 2.1 1.5 N/A

Performance and annual returns

Methodology

The STOXX Vietnam Total Market Liquid Index is designed to represent the performance of the Vietnamese stock market, while simultaneously controlling for liquidity and foreign ownership availability. The index targets liquidity stocks, accounting for both absolute liquidity (captured by the ADTV), and relative liquidity (captured by the Turnover Ratio). Hence, the STOXX Vietnam Total Market Liquid is designed to apply a comprehensive approach of identifying liquid stocks, covering all aspects of liquidity.
The STOXX Vietnam Total Market Liquid Index is reviewed semi-annually in March and September.
The index is weighted according to the free float market capitalization, where the most liquid stocks are scaled by a factor of two. Weights are capped at 15%.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0149413731 STCVNLGR .STCVNLGR
Price EUR CH0149413715 STCVNLP .STCVNLP
Net Return EUR CH0149413723 STCVNLR .STCVNLR
Gross Return USD CH0149413764 STCVNLGV STCVNLGV INDEX .STCVNLGV
Net Return USD CH0149413756 STCVNLV .STCVNLV
Price USD CH0149413749 STCVNLL .STCVNLL

Quick Facts

Weighting Free float market cap weighted
Cap Factor 0.15
No. of components Variable
Review frequency Semi-Annually
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 as of March.18, 2013
History Available from Mar. 18, 2013
Inception date July. 04, 2024
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

BENCHMARK INDICES

STOXX Vietnam Total Market Liquid

Top 10 Components4

Company Supersector Country Weight
Hoa Phat Group JSC Industrial Goods and Services Vietnam 14.962%
SAIGON THUONG TIN Banks Vietnam 10.557%
SSI Securities Financial Services Vietnam 7.270%
SAI GON - HANOI Banks Vietnam 6.308%
VINGROUP Real Estate Vietnam 5.632%
DUCGIANG CHEMICALS GROUP Chemicals Vietnam 5.462%
VINHOMES Real Estate Vietnam 5.078%
VIETNAM DAIRY PRODUCTS Food, Beverage and Tobacco Vietnam 5.051%
MASAN GROUP Food, Beverage and Tobacco Vietnam 4.653%
NO VA LAND INV. GROUP Real Estate Vietnam 3.373%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of August 30, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.