Vietnam ETF (VNM) Launches
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05:42:24 pm on August 14, 2009

I’ve been wondering when a Vietnam ETF would launch and today it’s happened.  Van Eck Global has released the Market Vectors Vietnam ETF (ticker: VNM) which began trading on the NYSE Arca.  The country’s benchmark index comprised of 162 companies on the Ho Chi Minh City Stock Exchanged is up 61% YTD and weighted more towards financials, energy and materials.  The companies generate at least 50% of their revenue within Vietnam.

Here’s a quote from Van Eck:

“Vietnam is one of the world’s most populous nations, and its well-educated, young population — nearly half of the country’s 90 million residents are under the age of 25 — provides strong underpinnings for local economic growth.”  The country’s GDP is expected to grow about 5% this year.  Outstanding in this economy.

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