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The Stock Exchange of Thailand (SET)’s first depositary receipt, DR,representing a Vietnam exchange-traded fund (ETF), issued by Bualuang Securities pcl (BLS), will be listed on December 18 under the ticker symbol “E1VFVN3001”.
SET President Pakorn Peetathawatchai said that the listing of DR is another key development of Thai capital market to connect foreign market and broaden investment opportunities for investors interested in portfolio diversification overseas. While this first Thai DR is based on Vietnam’s VFMVN30 ETF, SET intends to promote more DR varieties in the future.
BLS Executive Director Pichet Sithi-Amnuai said the issued DR will represent VFMVN30 ETF, tracking the top 30 large-cap stocks listed on Hochiminh Stock Exchange. The DR's initial public offering (IPO) held during December 3-7, 2018 managed to raise THB 624.39 million (approx. USD 19 million). We expected that there will be more investment demand after enlisted on SET.
Depositary Receipt or DR is an investment instrument that represents foreign company's securities issued by the commercial banks or brokerage firms with approval of the Securities and Exchange Commission (SEC). DR enables Thai investors to have exposure in foreign assets easily through SET. DR trading could be conducted similarly to securities trading, as such providing convenience for all investors.
For more information, please see the prospectus at the SEC’s website at www.sec.or.th; and for general information, please visit www.bualuang.co.th, as well as www.set.or.th.
