Tap Vietnam’s bright future

Article Excerpt

VANECK VECTORS VIETNAM ETF, $13.76, is a buy for aggressive investors. This emerging market ETF (New York symbol VNM) lets you tap leading Vietnamese companies and foreign firms that get a significant share of their revenue from the Southeast Asian nation. Your top holdings through this ETF are Vinhomes (real estate), 7.5%; Vingroup (conglomerate), 7.5%; Vietnam Dairy, 7.4%; the Bank for Foreign Trade of Vietnam, 6.8%; No Va Land Investment, 5.7%; and Mani (Japanese medical instrument maker with a Vietnam factory), 5.6%. 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 just signed a free-trade pact with the European Union. All of that should pay off for the ETF’s investors. It’s a buy. buy. …