Van Eck Global launched the Market Vectors Vietnam ETF (VNM), the first ETF focused on Vietnam available to U.S. investors.
VNM seeks to give investors convenient exposure to Vietnam, one of the world’s most populous nations. Many believe the country’s greatest strength lies in its educated and young population, which underpins local economic growth prospects. Nearly half of Vietnam’s population of 90 million is under the age of 25.
Approximately 70% of the market capitalization of the Index is composed of securities of companies domiciled and primarily listed on an exchange in Vietnam and which generate at least 50% of revenues from Vietnam. The remaining 30% is comprised of Offshore companies which generate, or are expected to generate, at least 50% of their revenues from Vietnam, or that demonstrate a significant and/or dominant position in the Vietnamese market and are expected to grow.
The Index’s top sectors include Financials (37% of the Index), Energy (19%) and Materials (12%).
See the Van Eck Global ETF directory for a complete listing.