Benefit from Vietnam’s rise

Article Excerpt

VANECK VECTORS VIETNAM ETF $16.17 (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 Vinhomes (real estate), 7.9%; Vingroup (conglomerate), 7.5%; Vietnam Dairy, 7.1%; No Va Land Investment Group, 6.4%; Bank for Foreign Trade of Vietnam, 6.0%; and Mani Inc. (Japanese medical instrument maker with a factory in Vietnam), 5.0%. The ETF’s MER is 0.68%. The fund cuts some of Vietnam’s above-average political risk by investing part of its assets in firms outside of the country. Those firms nonetheless do 50% or more of their business there. That’s better than adding the thinly traded, or illiquid, shares of smaller domestic firms. VanEck Vectors Vietnam ETF is a buy for aggressive investors. investors…