Best way to buy Vietnam stocks

Article Excerpt

VANECK VECTORS VIETNAM ETF $16.26 (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 Vingroup (conglomerate), 8.0%; Vietnam Dairy, 7.6%; No Va Land Investment Group, 7.1%; Bank for Foreign Trade of Vietnam, 6.0%; Vinhomes (real estate), 6.5%; and Mani Inc. (Japanese medical instrument maker with a factory in Vietnam), 6.2%. 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 based outside of the country, but that do at least 50% of their business there. It’s a better approach than adding the thinly traded, or illiquid, shares of smaller domestic firms. VanEck Vectors Vietnam ETF is a buy for aggressive investors. investors. …