Buy the best of Vietnam

Article Excerpt

MARKET VECTORS VIETNAM ETF $14.44 (New York symbol VNM; buy or sell through brokers) holds Vietnamese companies and foreign firms that get a significant share of their revenue from the Southeast Asian nation. The ETF’s top holdings are Vietnam Dairy Products, 8.3%; Vingroup (conglomerate), 7.1%; the Bank for Foreign Trade of Vietnam, 7.0%; No Va Land Investment Group (real estate), 7.0%; and Masan Group (a food, resources and banking conglomerate), 6.1%. Investing in Vietnam still comes with aboveaverage political risk. However, the fund cuts risk by investing part of its assets in firms that do a lot of their business in Vietnam, but are based elsewhere. That’s a better approach than adding thinly traded, or illiquid, shares of smaller domestic firms. Market Vectors Vietnam ETF is a buy for aggressive investors. investors…