MARKET VECTORS VIETNAM ETF $14.42 (New York symbol VNM; buy or sell through brokers) holds Vietnamese companies and foreign firms that get a significant amount of their revenue from the country.
The ETF’s top holdings are Vingroup (conglomerate), 8.8%; Bank for Foreign Trade of Vietnam, 7.6%; Masan Group (a food, resources and banking conglomerate), 7.2%; Saigon Securities, 6.4%; and Bao Viet Holdings (insurance), 6.2%.
The fund cuts risk by investing part of its assets in firms that are based outside of Vietnam but do business there. That’s a better approach than adding thinly traded, or illiquid, shares of smaller firms.
Investing in Vietnam still comes with above average political risk. However, the U.S. has just lifted a ban on arms sales to Vietnam as part of a plan to counter Chinese territorial claims in the region. The move should help normalize relations between the former enemies. It also bodes well for boosting exports to the huge U.S. market.
Market Vectors…
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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