Vietnam: A rising star powered by exports

Article Excerpt

For more than two decades, Vietnam has been one of the best-performing emerging-market economies. Business-oriented government policies, booming exports, and an expanding middle class increasingly contribute to that success story. Here is an ETF that provides exposure to the top Vietnamese publicly listed companies. VANECK VECTORS VIETNAM ETF $15.11 (New York symbol VNM; TSINetwork ETF Rating: Aggressive; Market cap: $326.1 million) holds Vietnamese companies and foreign firms that get a significant share of their revenue from the Southeast Asian nation. Real Estate accounts for 27% of the fund’s assets, followed by Consumer Defensive (17%), Financial Services (16%), Consumer Cyclical (10%), Industrials (8%) and Technology (7%). The ETF holds a portfolio of 26 stocks; the top 10 make up a very high 61% of its assets. They are Vietnam Dairy Products (8.1%), No Va Land Investment Group (real estate development and management, 7.7%), Vingroup (conglomerate with substantial real estate development and leasing operations, 7.3%), Vinhomes (residential real estate, 6.9%), Ma San Group (conglomerate, 5.9%), Commercial Bank for…