Friday, August 14, 2009

Vietnam's first ETF begins trading in the US

Vietnam's first ETF, which tracks Market Vectors Vietnam index .MVVN, not the country's Hochiminh index began trading today.

Van Eck bets on Vietnam's growth with new ETF - Reuters

The Market Vectors Vietnam ETF (VNM) will be the first U.S.-listed ETF exclusively dedicated to Vietnam, mirroring the performance of the Market Vectors Vietnam index .MVVN, which tracks companies that generate at least 50 percent of their revenues in the country, Van Eck said in a statement.

"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," Van Eck said in the statement.

Click here to access the full article from Reuters by Walter Brandimarte

* Vietnam Flag, courtesy of CIA World Factbook



ben said...

This is cool!!!

Bennett A. Reiss said...

Thanks Ben! I thought so too haha!

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