Buy into Vietnam’s pluses

Article Excerpt

VANECK VECTORS VIETNAM ETF, $16.34, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) lets you tap leading Vietnamese companies and foreign firms that get a significant share of their revenue from this Southeast Asian nation. Your top holdings through this ETF are Vingroup (conglomerate), 9.4%; Vietnam Dairy, 8.4%; Vinhomes (real estate), 6.8%; No Va Land Investment, 6.4%; Hoa Phat Group (iron and steel), 6.3%; the Bank for Foreign Trade of Vietnam, 6.1%. Other holding include Mani (a Japanese medical instrument maker with a Vietnam factory) at 4.4%. The fund started up in August 2009. Investors pay a 0.66% MER. Vietnam’s quick response to COVID-19 seems to have contained the virus better than many other emerging nations. Longer-term, the country should continue to attract foreign manufacturers in the wake of the China-U.S. trade war. Vietnam also recently signed a free-trade pact with the European Union. All of that should pay off for the ETF’s investors. VanEck Vectors Vietnam ETF is a buy for aggressive investors. investors…