Buy Vietnam’s best

Article Excerpt

VANECK VECTORS VIETNAM ETF, $14.82, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) lets you tap leading Vietnamese companies as well as foreign firms that get a significant share of their revenue from this Southeast Asian nation. The fund started up in August 2009. Investors pay a reasonable 0.59% MER. Your top holdings through the ETF include Vingroup (conglomerate), 8.5%; Vinhomes (real estate), 8.4%; Masan (food), 6.7%; Hoa Phat Group (iron and steel), 6.4%; No Va Land, 6.1%; and Vietnam Dairy, 5.3%. Other holdings include Feng Tay Enterprises (a Taiwanese sports-shoe maker and Nike supplier with a Vietnam factory) at 5.1%. Vietnam is now emerging from the pandemic, with skyrocketing tourism leading the way. Longer-term, it should also continue to attract foreign manufacturers looking to steer clear of any China-U.S. trade issues. Vietnam has already signed a free-trade pact with the European Union. That, too, should pay off for investors. VanEck Vectors Vietnam ETF is a buy for aggressive investors. investors…

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