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Vietnam Finally Gets a Market Vectors ETF

By Don Dion

About this article:
This past Friday brought new emerging market coverage to American ETF traders -- this time through the launch of a groundbreaking Market Vectors Vietnam ETF . New York-based Van Eck Global configured the product to represent Vietnamese markets, a niche that has been, up until now, essentially unreachable for American ETF aficionados. This new ETF looks to be an appealing bid for those looking to sink their teeth into emerging markets. The country's primary benchmark, the VN Index, represents 162 companies centralized around the Ho Chi Minh City Stock Exchange, and has demonstrated considerable growth in recent months. Year-to-date, the index has gained a notable 61%. The country, as a whole, has also experienced impressive economic acceleration. Since 2000, Vietnam has averaged 7.5% percent annual growth, a phenomenon highly influenced by flourishing exports markets. The nation's $90 billion economy is largely devoted to agriculture as the...

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