Buy the best of Vietnam

Article Excerpt

VANECK VECTORS VIETNAM ETF $16.96 (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), 8.5%; Vietnam Dairy, 8.0%; Vinhomes (real estate), 7.3%; Bank for Foreign Trade of Vietnam, 6.0%; BH Co. Ltd. (Korean circuit board maker with a factory in Vietnam), 5.5%; and Vincom Retail (shopping malls), 5.3%.The ETF’s MER is 0.66%. 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. …