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World Ex-U.S. Mostly OversoldBespoke Investment Group • Tue, Mar 26 -
James Tobin Primer On Currency WarInvestment Biker • Fri, Mar 22 -
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VNM Towers Above All Other Emerging Market ETFs, For NowEmerging Money • Thu, May 10, 2012
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World Ex-U.S. Mostly OversoldBespoke Investment Group • Tue, Mar 26
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James Tobin Primer On Currency WarInvestment Biker • Fri, Mar 22
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Private Equity's Return To Southeast Asia Could Boost Stock PricesEmerging Money • Fri, Nov 9, 2012
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Stocks Pull Back Around The GlobeBespoke Investment Group • Thu, Sep 27, 2012
There are no Transcripts on VNM.
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at MarketWatch.com (Jan 18, 2013)
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at MarketWatch.com (May 7, 2012)
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at MarketWatch.com (Oct 11, 2011)
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at CNBC.com (Aug 3, 2011)
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at MarketWatch.com (Oct 31, 2010)
VNM vs. ETF Alternatives
VNM Description
The Vietnam ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Vietnam Index. The Index provides exposure to publicly traded companies that, predominantly, are domiciled and primarily listed in Vietnam and which generate at least 50% of their revenues from Vietnam. The Index also includes non-Vietnamese companies that 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. As such, the Fund is subject to the risks of investing in this country.
See more details on sponsor's website
See more details on sponsor's website
Country: Vietnam
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Emerging Markets, Countries
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, May 13, 9:04 AM Vietnamese stocks (VNM) rise 0.6% after the country's central bank said Friday it would cut three policy rates by 100bps amid inflation which, at 6.61% in April, was a little more than a fourth of what it was less than two years ago. Elsewhere in the region, Malaysian stocks (EWM) add 0.88% to last week's 4.6% rally, Thai equities (THD) slip 0.3% after the country's finance minister fails to mention interest rates in a meeting with the central bank's policy-making committee, and stocks in Singapore (EWS) give back 1% of last week's gains amid profit-taking. Comment! [Global & FX]
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Friday, May 10, 4:22 PM
The week's ETF movers - Gainers: REMX +10.8%. URA +6.6%. TAN +6.4%. VNM +5.4%. XHB +3.4%.
ETF Losers: GAZ -4.5%. UNG -3.6%. FXA -3.0%. EWY -2.7%. EWA -2.7%. Comment! [On the Move] - Monday, May 6, 6:11 AM It's a banner day in Malaysian equity (EWM) and currency markets following the re-election of the ruling National Front coalition and Prime Minister Najib Razack's dominant UMNO party. The ringgit soars the most in three years and some individual stock names post double-digit gains on the session. The country's second largest bank, CIMB Group, has its best day in more than a decade. Across the region, Vietnamese equities (VNM) climb nearly 3% and Indonesian shares (IDX) rise 1.35% in Jakarta despite persistent inflation worries. 1 Comment [Global & FX]
- Thursday, April 11, 9:19 AM Foreign inflows ($63.45M Thursday and $3.6B YTD) boosted Malaysian stocks (EWM) to all time highs Thursday ahead of elections set for May 5. The consensus: no major political changes equals a continuation of the rally. In other Southeast Asian markets, Vietnamese shares (VNM) rose handily after yesterday's mini flash crash, and Thai stocks (THD) rose +1.78% as the SET Index finished above the psychologically important 1,500 level. Comment! [Global & FX]
- Wednesday, April 10, 7:47 AM Stocks in Vietnam (VNM) cratered -2.7% in the last minute of the session (chart) after trading higher for most of the day. One broker blamed the mini flash crash on "index tracker portfolio rebalancing." There were no technical issues with the exchange. In other Southeast Asian market action, Thai shares (THD) rose +1.3% after touching two-month lows yesterday following a three-day weekend. Comment!
- Wednesday, April 3, 2:14 PM Today also saw Global X's launch of the first ever ETF covering Central Asia republics and Mongolia (AZIA). The fund's portfolio will be spread between Mongolia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan and will charge 0.69%. This compares as follows to other Asian country ETFs: VNM - 0.76%, THD - 0.62%, IDX - 0.57%, EWM - 0.52%, EPHE - 0.59%. Comment!
- Thursday, March 28, 7:48 AM PetroVietnam Gas, a subsidiary of Vietnam Oil and Gas, climbs 6% to record high on volume that was nearly seven times the daily average as the market speculates on an earnings beat. For investors: Market Vectors Vietnam ETF (VNM) has nearly 20% of assets in Vietnam Oil and Gas subsidiaries. 1 Comment [Global & FX, Energy]
- Tuesday, March 26, 11:35 AM The Market Vectors Vietnam ETF (VNM +0.1%) has regained most of the ground it lost Friday when the unfolding Cyprus crisis caused markets in Southeast Asia to dive. The ETF is up ~25% since December and could retain its momentum after the country's central bank cut interest rates Monday for the seventh straight time. While economic growth remains relatively sluggish amid tight credit conditions, the country's stock market is near two year highs. Sound familiar? 1 Comment [Global & FX]
- Wednesday, February 20, 12:36 PM Vietnam (VNM) has been one of 2013's hottest markets, but many of its state-owned companies are so broke they can't pay their employees. It's estimated 60K "zombie workers" in Hanoi and Ho Chi Minh City alone show up for work without getting regular pay. "If I quit, I will lose the six months' salary that they owe me," says one. 2 Comments [Global & FX]
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Friday, February 8, 6:17 PM
The week's ETF movers - Gainers: VNM +4.3%. FCG +2.3%. BNO +1.7%. UUP +1.4%. TLT +1.4%.
ETF Losers: FXI -4.7%. EPI -4.2%. GDXJ -3.3%. KOL -3.3%. DBA -2.7%. Comment! [On the Move] -
Friday, February 1, 6:54 PM
The week's ETF movers - Gainers: VNM +5.9%; BRF +3.4%; BNO +2.9%; AMJ +2.3%; PSLV +2.3%.
ETF Losers: UNG -5%; FXY -2.1%; TLT -2.1%; TAN -1.7%; JNK -1.6%. Comment! [On the Move] - Thursday, January 31, 10:45 PM Vietnam's January PMI edges up to 50.1 from 49.3 in December. "Lackluster" overseas demand led to a solid decrease in new export orders, with manufacturers reporting lower levels of new work from the EU and (to a lesser extent) China. VNM was off 4.4% today, but it's up 18.9% YTD thanks to a series of rate cuts as well as movement to allow greater foreign ownership of shares. Comment! [Global & FX]
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Monday, January 14, 5:38 PM
After-hours top gainers, as of 5:15 p.m.: HWD +3%. BGC +3%. GTAT +3%. ESI +2%. MHO +2%.
After-hours top losers: LULU -7%. ITMN -5%. GMAN -4%. VNM -3%. UA -2%. Comment! [On the Move] - Friday, January 11, 12:54 PM What's up with the Vietnam ETF (VNM -4.2%)? It's tanking today even as the Ho Chi Minh Index - the world's best performer in a young 2013 - gained again (+0.6%) overnight. Stocks there have benefitted from a series of rate cuts, but the IMF suggests policy has been eased too quickly in the face of growing inflation pressure. 2 Comments [Global & FX]
- Sunday, December 2, 2012, 9:11 PM Vietnam's PMI moves into expansion territory for the first time in 14 months, rising to 50.5 in November from 48.7 previously. The improvement looks to have come from domestic demand as new export order volumes continue to contract. "We expect a gradual pick-up of economic activity supported by both domestic demand and a gradual recovery in China," says HSBC. Comment! [Global & FX]
- Friday, November 23, 2012, 8:23 AM Is a bell ringing in Vietnam? The country's largest investment fund is closing shop 5 years after its launch coincided with the stock market's peak. The Ho Chi Minh Index has lost more than 60% of its value since the SSI Vision Fund opened for business, and fund investors want what's left of their money back. VNM -1.6% Y/Y. Comment! [Global & FX]