Buy the best of Vietnam

Article Excerpt

VANECK VECTORS VIETNAM ETF, $19.81, 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), 9.1%; No Va Land Investment, 8.8%; Hoa Phat Group (iron and steel), 7.6%; Vietnam Dairy, 6.8%; Vinhomes (real estate), 6.4%; and the Bank for Foreign Trade of Vietnam, 5.3%. Other holdings include Mani (a Japanese medical instrument maker with a Vietnam factory) at 4.4%. The fund started up in August 2009. Investors pay a reasonable 0.61% MER. Vietnam’s quick response to COVID-19 seems to have contained the virus better than the efforts of many other emerging nations. Longer-term, Vietnam should continue to attract foreign manufacturers looking to steer clear of any China-U.S. trade dispute. Vietnam also recently signed a free-trade pact with the European Union. That, too, should pay off for investors. VanEck Vectors…