BeQ Superstar Index: Why many investors still underperform despite correctly anticipating ETF flows

In recent years, a growing number of investors have focused on foreign ETF flows, Vietnam’s potential market reclassification, and index-based investing.
Yet a recurring paradox persists: many investors correctly identify which stocks ETFs will buy, but their portfolios still underperform.

The issue is not whether ETFs buy—but what happens after ETFs have finished buying.
This is precisely where the BeQ Superstar Index takes a fundamentally different approach from conventional market thinking.

A common misconception is:

“ETF buys → price will continue to rise strongly.”

Empirical data across multiple markets suggests otherwise.

International Reference Data

According to MSCI and Bloomberg statistics:

• 60–70% of stocks reach short-term peaks within 1–3 months around ETF rebalancing periods
• After the compulsory allocation phase, prices typically:
  • move sideways, or
  • correct as technical demand fades

ETFs do not buy to maximize returns; they buy to track an index.
Once allocation is completed, they have no structural reason to continue purchasing.

👉 This creates a “profit gap” that many retail investors fail to recognize.

In practice, many investors:

• Buy stocks after ETFs have already accumulated positions
• Allocate capital when the narrative is fully priced in
• Expect ETFs to provide long-term price support

The result:

• Limited margin of safety
• Elevated correction risk
• Performance that falls short of expectations

👉 Correct ETF prediction ≠ Effective investment.
The core issue lies in timing and portfolio structure.

Rather than focusing solely on what ETFs may buy, the BeQ Superstar Index asks a more critical question:

👉 After ETF allocation is completed, is the stock still suitable to hold?

Accordingly, the index evaluates not only ETF inclusion probability but also:

• The ability to maintain index membership
• Sustainability of liquidity and free float

Risk of weight reduction or exclusion during future reviews

Aggregated data from 2021–2025 shows:

• Only 35–40% of ETF-bought stocks deliver sustained alpha after review periods
• The remainder:
  • Underperform the market, or
  • Lose momentum once technical flows dissipate

By contrast, portfolios filtered based on index retention probability and periodic review discipline demonstrate:

• Lower drawdowns
• More stable performance
• Reduced exposure to short-term speculative spikes

This represents the core operating logic of the BeQ Superstar Index.

In practice, many investors use the BeQ Superstar Index as:

• A post-ETF risk management tool
• A filtering layer to avoid technical price peaks
• A benchmark to assess whether a portfolio is overly dependent on a single rebalancing cycle

Instead of asking:

“Will ETFs buy?”

The index helps answer:

“After ETFs finish buying, is my portfolio still structurally sound?”

As Vietnam moves closer to:

• Market reclassification,
• Greater weight within Emerging Market indices,
• And expanding foreign ETF capital,

👉 More stocks will be touched by ETF flows—but not all are suitable for long-term holding.

The advantage will belong to investors who:

• Understand post-flow market structure
• Manage portfolios rather than chase events
• Avoid short-term technical traps

ETFs can generate strong demand, but ETFs are not a complete investment strategy.

The BeQ Superstar Index was not built to:

• Predict a single buying cycle, or
• Chase short-term narratives

Instead, it focuses on:

• Positioning ahead of flows
• Maintaining structural integrity
• Managing risk after technical capital deployment

In the era of index investing, understanding what happens after ETF allocation is just as important as anticipating ETF purchases.

👉 Is your portfolio benefiting from ETF flows—or dependent on them?

Discover how the BeQ Superstar Index helps investors build structurally resilient portfolios after each rebalancing cycle.

Contact BeQ Holdings for consultation

• Hotline: +84 941 753 139
• Email: contact@beqholdings.com
• Website: https://beqholdings.com/ 
• Track capital flows & index data in real time:
  https://dashboardlive.ccpi.vn/