Phat Dat Real Estate Development Corporation Officially Enters MSCI Frontier Market 100 Index
Phat Dat Real Estate Development Corporation (Ticker: PDR) has been chosen as one of the 4 new holding stocks by IShares MSCI Frontier 100 ETF.
IShares MSCI Frontier 100 ETF – an Exchange-Traded Fund using MSCI Frontier Market 100 Index as its reference index, has just announced its restructured stock basket last 30th November. Accordingly, the number of Vietnam’s stocks in iShares MSCI Frontier 100 ETF increased from 26 to 30. The 4 new stocks this time are PDR, APH, KDC, and HSG. The total weight of Vietnam’s stocks reached 14.13% from 12.89% as of the end of November this year.
Under the circumstance, PDR is now one of Vietnam’s 30 stocks included in the MSCI Frontier Market 100 Index by the world-leading index research and analysis organization, Morgan Stanley Capital International (MSCI), after Kuwait’s reclassification to emerging market from 1st December 2020.
According to MSCI’s report made for November 2020, Vietnam will become the market with the highest weight at 28.76% by market value, following Kuwait’s leaving Frontier Market. iShares MSCI Frontier 100 ETF will carry out Kuwait’s weight reduction to 0% and increase Vietnam’s stock proportion in 5 review periods starting from the December review and ending in the December 2021 review. The Fund’s total AUM reached approximately USD 390 million (approx. VND 9,000 billion). Entering iShares MSCI Frontier Market 100 Index, PDR will directly stand to benefit.