Citi and FTSE launch first Vietnam equity index

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US bank Citi and index provider FTSE Group have launched the FTSE Vietnam Accessible Index (VAI), the first Vietnam equity index for foreign institutional investors.

Citi will create an index tracker and other equity-linked products structured on the index, to enable foreign investors to access one of the fastest growing economies in the Asia-Pacific region.

The FTSE VAI Series includes the top 80% of the stocks listed on the Ho Chi Minh City Securities Trading Center, based on full market cap

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