Foreign investors have withdrawn just shy of US$1.11 billion from the Ho Chi Minh Stock Exchange this year, VN Express is reporting. Key points made include:
- Active funds are not performing well and shareholders are putting pressure on fund managers to withdraw funds,
- Foreign funds are restructuring due to risk perceptions in specific stock groups (as opposed to the entire market),
- Foreign firms are leaving emerging and frontier markets broadly in favour of safer developed markets, and
- Many Thai investors are withdrawing funds due to new taxes in Thailand on overseas investments.