tailieunhanh - Exchange-traded funds (ETFS) and stock liquidity: Vietnamese evidence

The paper examines how the introduction of Vietnamese exchange-traded funds (ETFs) impacts on the liquidity of the underlying stocks. We found that the component stock’s liquidity decreased after Deutsche Bank Xtrackers (DBX) - the first Vietnamese-based ETF - was introduced in 2008, but significantly improved after the introduction of the other two ETFs, the VanEck Vectors Vietnam ETF (VNM) in 2009 and the E1VFVN30 in 2014. | Exchange-traded funds (ETFS) and stock liquidity: Vietnamese evidence