Vietnam on the upswing

Article Excerpt

VANECK VECTORS VIETNAM ETF, $19.00, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) lets you tap leading Vietnamese companies as well as foreign firms that get a significant share of their revenue from this Southeast Asian nation. The fund started up in August 2009. Investors pay a reasonable 0.61% MER. Your top holdings through this ETF include Vinhomes (real estate), 8.1%; Masan (food), 7.7%; Vingroup (conglomerate), 6.2%; Vietnam Dairy, 6.2%; Hoa Phat Group (iron and steel), 6.1%; and No Va Land, 5.0%. Other holdings include Feng Tay Enterprises (a Taiwanese sports-shoe maker and Nike supplier with a Vietnam factory) at 4.4%. Vietnam is now emerging from the pandemic, including re-opening to tourism. Longer-term, it should continue to attract foreign manufacturers looking to steer clear of any China-U.S. trade issues. Vietnam has also signed a free-trade pact with the European Union. That, too, should pay off for investors. VanEck Vectors Vietnam ETF is a buy for aggressive investors. investors…