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Global-Investing.com: ETF expected to be in high demand
The Vietnam Exchange-Traded Fund (ETF), listed on the New York Stock Exchange (NYSE) and the Euronext, is expected to be in high demand as Vietnamese shares have been among the best performing in the world this year.
The remark was made by Vivian Lewis, editor and founder of Global-Investing.com, whose assessment is based in part on the fact that the Vietnam fund is the latest in a series of emerging market single country offerings by the money manager Van Eck, following the strong success of Market Vectors Indonesia (IDX) and Market Vectors Brazil Small Cap (BRF).
She said Van Eck's launch of the first US traded ETF dedicated to the Vietnamese market added to its impressive line-up of emerging market single country funds.
The Van Eck Market Vectors Vietnam (VMN) tracks a custom index of equities from firms that generate more than 50 percent of their revenue in Vietnam.
To start with, 37 percent of the allocation will go into finance, 19 percent into energy, and 12 percent into materials.
On August 14, VMN made gains during its first transaction session on the NYSE.
Lewis said, "This may be a good moment for another attempt” to get back into the Vietnam bourse.
vov, vietnamplus
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